Tex. Ins. Code Section 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.

Source: Section 964.106 — Subscriber Declaration, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­964.­htm#964.­106 (accessed Jun. 5, 2024).

Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 964.106’s source at texas​.gov