Sec. 941.002. LLOYD'S PLAN INSURANCE AUTHORIZED; LIFE INSURANCE PROHIBITED. (a) Except as provided by Subsection (b), a Lloyd's plan may write any kind of insurance that may be lawfully written in this state, including:
(1) fire insurance, including tornado, hail, crop, and floater insurance;
(2) automobile insurance, including fire, theft, transportation, property damage, collision liability, and tornado insurance;
(3) liability insurance;
(4) marine insurance;
(5) accident and health insurance;
(6) burglary insurance;
(7) plate glass insurance; and
(8) fidelity and surety bonds insurance.
(b) A Lloyd's plan may not write life insurance.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle G - Lloyd's Plan and Reciprocal and Interinsurance Exchanges
Subchapter A. General Provisions
Section 941.002. Lloyd's Plan Insurance Authorized; Life Insurance Prohibited
Section 941.003. Limited Exemption From Insurance Laws; Application of Certain Laws