Texas Insurance Code
Sec. § 964.106
Subscriber Declaration


A captive exchange shall file with the department a subscriber declaration that includes:

(1)

the information described by Section 942.053 (Subscriber Declaration);

(2)

the amount of the captive exchange’s initial surplus; and

(3)

a provision to authorize a quorum of the governing body of the captive exchange’s attorney in fact to consist of not fewer than one-third of the fixed number of members of the governing body.
Added by Acts 2017, 85th Leg., R.S., Ch. 1050 (H.B. 1944), Sec. 2.01, eff. June 15, 2017.
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Last accessed
Sep. 28, 2020