Tex.
Ins. Code Section 911.001
Limited Exemption from Insurance Laws; Applicability of Certain Laws
(a)
A provision of this code, other than this chapter, does not apply to a farm mutual insurance company holding a certificate of authority under this chapter unless farm mutual insurance companies are expressly mentioned in the other law.(b)
A law enacted after May 20, 1973, does not apply to a farm mutual insurance company unless the law states that it applies to a farm mutual insurance company.(c)
Except to the extent of any conflict with this chapter, the following provisions apply to a farm mutual insurance company:(1)
Subchapter A (Giving Certified Copies and Certificates), Chapter 32 (Administrative Powers and Duties);(2)
Subchapter D (Action Subject to Judicial Review), Chapter 36 (Department Rules and Procedures);(3)
Sections 31.002 (Duties of Department)(2), 32.021 (Annual Reports)(c), 32.023 (Reports to Other States), 32.041 (Forms), 33.002 (Insurance Business Interest; Service as Commissioner), 38.001 (Inquiries), 81.001-81.004, 201.005 (Transfer of Securities), 201.055 (Filing Date of Report or Payment Delivered by Postal Service), 401.051 (Duty to Examine Carriers), 401.052 (Frequency of Examination), 401.054-401.062, 401.103-401.106, 401.151 (Expenses of Examination of Domestic Insurer), 401.152 (Expenses of Examination of Other Insurers), 401.155 (Additional Assessments), 401.156 (Deposit and Use of Assessment and Fee), 421.001 (Reserves Required), 801.051-801.055, 801.057 (Failure to File Annual Statement: Ground for Revocation or Suspension), 801.101 (Department Inquiry), 801.102 (Denial of Application or Revocation of Certificate), 822.204 (Form of Capital and Surplus), 841.004 (Net Assets Defined; Rules), 841.251 (Evidence of Expenditures), 841.252 (Payments to Officers, Directors, and Employees), 862.101 (Fire and Allied Lines of Insurance: Authorized and Required Reinsurance), 1806.001, 1806.101 (Definitions), 1806.103 (Construction of Subchapter)(b), and 1806.104-1806.107;(4)
Chapter 86 (Revocation or Modification of Certificate of Authority; Authority to Bring Certain Actions);(5)
Subchapter A (Definitions), Chapter 401 (Audits and Examinations);(6)
Subchapter B (Impairment Prohibited), Chapter 404 (Financial Condition);(7)
Chapter 422 (Asset Protection Act);(8)
Subchapter B (General Investment Authority Specified by Law), Chapter 424 (Investments for Certain Insurers), other than Section 424.052 (Additional General Investment Authority), 424.072 (Authorized Investments: Bonds Issued, Assumed, or Guaranteed in International Market), or 424.073 (Authorized Investments: Insurer Engaged in Business in Foreign Country);(9)
Chapter 441 (Supervision and Conservatorship);(10)
Chapter 443 (Insurer Receivership Act);(11)
Chapter 462 (Texas Property and Casualty Insurance Guaranty Association);(12)
Chapter 481 (Voluntary Deposits);(13)
Chapter 541 (Unfair Methods of Competition and Unfair or Deceptive Acts or Practices);(14)
Chapter 802 (Annual Statement);(15)
Subchapter A (Definitions), Chapter 805 (Directors, Officers, and Other Interested Persons);(16)
Chapter 824 (Merger and Consolidation of Stock Insurance Corporations); and(17)
Article 1.09-1.(d)
After hearing, the commissioner may adopt rules regarding the application of a law referred to in Subsection (c) to farm mutual insurance companies. The department may enforce rules adopted under this subsection.
Source:
Section 911.001 — Limited Exemption from Insurance Laws; Applicability of Certain Laws, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.911.htm#911.001 (accessed Jun. 5, 2024).
