Tex.
Ins. Code Section 1807.002
Inapplicability of Certain Laws to Marine Insurance; Exception
(a)
The following provisions do not apply to marine insurance:(1)
Sections 36.002 (Additional Rulemaking Authority), 37.051 (Streamlined Procedures), 403.002 (Dividends to Policyholders in Commercial Lines), and 501.159 (Comments on Certain Insurer Filings);(2)
Subchapter H, Chapter 544 (Prohibited Discrimination);(3)
Chapters 5, 252 (Fire and Allied Lines Insurance), 253 (Casualty Insurance and Fidelity, Guaranty, and Surety Bond Insurance), 493 (Authorized Reinsurance; Credit and Accounting), 494 (Reinsurance of Aircraft and Space Equipment Risks), 1804 (Rates and Forms for National Defense Projects), 1805 (Joint Underwriting and Advisory Organizations), 1806 (Prohibited Practices and Rebates Related to Policies), and 2171 (Commercial Group Property Insurance); and(4)
Subtitles B, C, D, E, F, H, and I.(b)
Subsection (a) does not apply to:(1)
a farm mutual insurance company operating under Chapter 911 (Farm Mutual Insurance Companies);(2)
a mutual insurance company engaged in business under Chapter 12, Title 78, Revised Statutes, before that chapter’s repeal by Section 18, Chapter 40 (Duties of State Office of Administrative Hearings and Commissioner in Certain Proceedings; Rate Setting Proceedings), Acts of the 41st Legislature, 1st Called Session, 1929, as amended by Section 1, Chapter 60, General Laws, Acts of the 41st Legislature, 2nd Called Session, 1929, that retains the rights and privileges under the repealed law to the extent provided by those sections; or(3)
a county mutual insurance company operating under Chapter 912 (County Mutual Insurance Companies).
Source:
Section 1807.002 — Inapplicability of Certain Laws to Marine Insurance; Exception, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1807.htm#1807.002 (accessed Jun. 5, 2024).
