Tex.
Ins. Code Section 861.201
Kinds of Insurance Authorized
(a)
A general casualty company may:(1)
insure a person against:(A)
bodily injury, disability, or death that results from an accident; or(B)
disability that results from disease;(2)
insure against loss or damage that results from an accident or injury sustained by an employee or other person, for which accident or injury the insured is liable;(3)
insure against loss or damage that results from an accident to or injury sustained by a person, for which loss the insured is liable, other than employers liability insurance under Subdivision (2);(4)
insure against loss or damage by burglary, theft, or housebreaking;(5)
insure glass against breakage;(6)
insure a steam boiler, elevator, electrical device, or engine and any machinery or appliance used or operated in connection with a steam boiler, elevator, electrical device, or engine;(7)
insure against loss or damage from injury to a person or property that results accidentally from an item described by Subdivision (6);(8)
insure against loss or damage by water to goods or premises that arises from the breakage or leakage of a sprinkler or water pipe;(9)
insure against loss that:(A)
results from accidental damage to an automobile; or(B)
is caused accidentally by an automobile;(10)
insure a person, association, or corporation against loss or damage that results from giving or extending credit;(11)
insure against loss that results from the nonpayment of the principal of or interest on a bond, mortgage, or other evidence of indebtedness;(12)
write marine insurance, which may include insurance against the hazards and perils incident to war; or(13)
insure against any other casualty or insurance risk, other than fire or life insurance, specified in the company’s articles of incorporation that:(A)
may be lawfully made the subject of insurance; and(B)
is not otherwise provided for by this chapter.(b)
A general casualty company may engage in one or more of the activities specified by Subsection (a).
Source:
Section 861.201 — Kinds of Insurance Authorized, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.861.htm#861.201 (accessed May 11, 2024).
