Sec. 941.152. LIABILITY OF ADDITIONAL OR SUBSTITUTED UNDERWRITER. An additional or substituted underwriter is liable in the same manner and to the same extent as an original subscriber to the articles of agreement and power of attorney on file with the department.
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 D. Operation, Powers, and Duties of Lloyd's Plan
Section 941.151. Liability of Underwriter
Section 941.152. Liability of Additional or Substituted Underwriter
Section 941.153. Accrual of Profits
Section 941.154. Assumption of Risk by Certain Affiliated Insurers