Texas Insurance Code - Section 221.001. Applicability Of Chapter
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§ 221.001. APPLICABILITY OF CHAPTER. (a) This chapter
applies to an insurer, organization, or concern that receives gross
premiums subject to taxation under Section 221.002, including a
reciprocal or interinsurance exchange that elects to be subject to
taxation under this chapter in accordance with Section 224.003 and
a Lloyd's plan.
(b) This chapter does not apply to:
(1) a fraternal benefit society, including a fraternal
benefit society operating under Chapter 885;
(2) a group hospital service corporation operating
under Chapter 842;
(3) a stipulated premium company operating under
Chapter 884;
(4) a mutual assessment association, company, or
corporation regulated under Chapter 887; or
(5) a purely cooperative or mutual fire insurance
company carried on by its members solely for the protection of their
own property and not for profit, except as provided by Section
221.002(b)(13).
Added by Acts 2003, 78th Leg., ch. 1274, § 1, eff. April 1, 2005.
Section: 202.004 202.051 202.052 202.101 202.102 203.001 203.002 221.001 221.002 221.003 221.004 221.005 221.006 221.007 222.001
Last modified: August 11, 2007
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