Sec. 962.051. QUALIFICATIONS FOR CERTIFICATE OF AUTHORITY. An insurer may not be issued a certificate of authority to operate under this chapter unless:
(1) it or a predecessor was writing the insurance coverages authorized by Section 962.101 on or before January 1, 1920, in at least one state; and
(2) it had policyholders in this state on August 29, 1983, and provides proof of that fact to the department.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 16, eff. April 1, 2007.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Chapter 962 - Job Protection Insurance
Subchapter B. Authority to Engage in Business
Section 962.051. Qualifications for Certificate of Authority
Section 962.052. Issuance of Certificate of Authority
Section 962.053. Compliance With State Law Required