Texas Insurance Code - Not Codified - Article 5.27. No Company Exempt
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Art. 5.27. NO COMPANY EXEMPT. Every fire insurance company,
every marine insurance company, every fire and marine insurance
company, every fire and tornado insurance company, and each and
every insurance company of every kind and name issuing a contract or
policy of insurance, or contracts or policies of insurance against
loss by fire on property within this State, whether such property be
fixed or movable, stationary or in transit, or whether such
property is consigned or billed for shipment within or beyond the
boundary of this State or to some foreign county, whether such
company is organized under the laws of this State or under the laws
of any other state, territory or possession of the United States, or
foreign country, or by authority of the Federal Government, now
holding certificate of authority to transact business in this
State, shall be deemed to have accepted such certificate and to
transact business thereunder, upon condition that it consents to
the terms and provisions of this subchapter and that it agrees to
transact business in this State, subject thereto; it being
intended that every contract or policy of insurance against the
hazard of fire shall be issued in accordance with the terms and
provisions of this subchapter, and the company issuing the same
governed thereby, regardless of the kind and character of such
property and whether the same is fixed or movable, stationary or in
transit, including the shore end of all marine risks insured
against loss by fire.
Acts 1951, 52nd Leg., ch. 491.
Article: 5.25,
ante
Art 5.25-1 5.25-2 5.25-3 5.26 5.27 5.28 5.29 5.30 5.31 5.32 5.33 5.33B
Last modified: August 11, 2007
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