Tex.
Ins. Code Section 493.002
Applicability of Chapter
(a)
Except as provided by Subsection (a-1), this chapter applies to all insurers, including:(1)
a stock or mutual property and casualty insurance company;(2)
a Mexican casualty insurance company;(3)
a Lloyd’s plan;(4)
a reciprocal or interinsurance exchange;(5)
a nonprofit legal service corporation;(6)
a county mutual insurance company;(7)
a farm mutual insurance company;(8)
a risk retention group;(9)
any insurer writing a line of insurance regulated by Title 10;(10)
all life, health, and accident insurance companies regulated by the department, including:(A)
a stock or mutual life, health, or accident insurance company;(B)
a fraternal benefit society; and(C)
a nonprofit hospital, medical, or dental service corporation, including a group hospital service corporation operating under Chapter 842 (Group Hospital Service Corporations); and(11)
a health maintenance organization operating under Chapter 843 (Health Maintenance Organizations).(a-1)
A county mutual insurance company operating under Section 912.056 (Creation of Local Chapters and Districts)(d) that does not directly or indirectly write or assume insurance in any manner in another state may not be allowed credit under Section 493.1033 (Credit Allowed for Certain Certified Reinsurers) for reinsurance ceded to a reinsurer qualifying under Sections 493.1033 (Credit Allowed for Certain Certified Reinsurers) and 493.1034 (Certain Associations May Be Certified Reinsurers) and is not subject to Section 493.1039 (Concentration Risk). This subsection does not prohibit a county mutual insurance company described by this subsection from ceding reinsurance to reinsurers qualifying under Sections 493.1033 (Credit Allowed for Certain Certified Reinsurers) and 493.1034 (Certain Associations May Be Certified Reinsurers) under other provisions of this chapter.(b)
Repealed by Acts 2017, 85th Leg., R.S., Ch. 594 (S.B. 1070), Sec. 2.12(2), eff. September 1, 2017.
Source:
Section 493.002 — Applicability of Chapter, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.493.htm#493.002 (accessed Apr. 29, 2024).
