Tex. Ins. Code Section 942.152
Subscriber Limited Liability Based on Certain Minimum Capital and Surplus


If the unencumbered surplus of an exchange is at least equal to the minimum capital stock and minimum surplus required of a stock insurance company engaged in the same kinds of business, the subscribers of the exchange may provide by agreement that the premium or premium deposit specified in the reciprocal or interinsurance contract constitutes the entire liability of the subscribers through the exchange.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Source: Section 942.152 — Subscriber Limited Liability Based on Certain Minimum Capital and Surplus, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­942.­htm#942.­152 (accessed Mar. 23, 2024).

Accessed:
Mar. 23, 2024

§ 942.152’s source at texas​.gov