Sec. 981.102. LIMIT ON USE OF SURPLUS LINES POLICY OR CONTRACT FORMS. A surplus lines insurance policy or contract form may not be used unless use of the form is:
(1) reasonably necessary for the principal purposes of the insurance coverage; or
(2) not contrary to the purposes of this chapter regarding the reasonable protection of authorized insurers from unwarranted competition by unauthorized insurers.
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 C. Requirements and Procedures for Issuance of Surplus Lines Documents
Section 981.101. Requirements for Surplus Lines Documents
Section 981.102. Limit on Use of Surplus Lines Policy or Contract Forms
Section 981.103. Delivery to Insured of Surplus Lines Documents
Section 981.104. Delivery to Insured of Revised Surplus Lines Documents