Sec. 964.064. PROHIBITION ON JOINING OR CONTRIBUTING TO CERTAIN ENTITIES AND FUNDS. A captive insurance company may not join or contribute financially to any plan, pool, association, or guaranty or insolvency fund in this state, and a captive insurance company, its insured, or any affiliate is not entitled to receive any benefit from a plan, pool, association, or guaranty or insolvency fund for claims arising out of the operations of the company.
Added by Acts 2013, 83rd Leg., R.S., Ch. 569 (S.B. 734), Sec. 2, eff. June 14, 2013.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Chapter 964 - Captive Insurance Companies
Subchapter B. Captive Insurance Companies
Section 964.051. Authority to Write Direct Business
Section 964.054. Reserves and Accounting Basis
Section 964.055. Certificate of Authority Required
Section 964.056. Capital and Surplus or Equivalent Requirements
Section 964.057. Application for Certificate of Authority
Section 964.058. Examination by Commissioner
Section 964.059. Action on Application
Section 964.060. Annual Report
Section 964.062. Amendments to Certificate of Formation or Governing Document
Section 964.063. Dividends and Distributions
Section 964.064. Prohibition on Joining or Contributing to Certain Entities and Funds
Section 964.065. Suspension or Revocation of Certificate of Authority
Section 964.066. Standards for Risk Management of Controlled Unaffiliated Business
Section 964.067. Captive Managers
Section 964.068. Maintenance Tax
Section 964.069. Rulemaking Authority
Section 964.070. Confidentiality
Section 964.071. Redomestication