Sec. 981.054. CERTAIN PRECONDITIONS NOT ALLOWED. An eligible surplus lines insurer may not require as a condition precedent to writing new or renewal surplus lines insurance that the insured or prospective insured place with the insurer other insurance that is not obtainable as surplus lines 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 I - Surplus Lines Insurers; Companies Not Organized in Texas
Chapter 981 - Surplus Lines Insurance
Subchapter B. Eligibility Requirements for Surplus Lines Insurers
Section 981.051. Authorization Required
Section 981.054. Certain Preconditions Not Allowed
Section 981.057. Minimum Capital and Surplus Requirements
Section 981.058. Alien Insurers
Section 981.064. Commissioner May Order Revocation of Contracts