Texas Insurance Code
Sec. § 964.106
Subscriber Declaration

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


the information described by Section 942.053 (Subscriber Declaration);


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


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.
Last accessed
Sep. 28, 2020