Texas Insurance Code - Section 462.007. Applicability In General; Exceptions
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§ 462.007. APPLICABILITY IN GENERAL; EXCEPTIONS. (a)
Except as provided by Subsection (b), this chapter applies to each
kind of direct insurance.
(b) Except as provided by Subchapter F, this chapter does
not apply to:
(1) life, annuity, health, or disability insurance;
(2) mortgage guaranty, financial guaranty, or other
kinds of insurance offering protection against investment risks;
(3) a fidelity or surety bond, or any other bonding
obligation;
(4) credit insurance, vendors' single-interest
insurance, collateral protection insurance, or similar insurance
protecting a creditor's interest arising out of a creditor-debtor
transaction;
(5) insurance of warranties or service contracts;
(6) title insurance;
(7) ocean marine insurance;
(8) a transaction or combination of transactions
between a person, including an affiliate of the person, and an
insurer, including an affiliate of the insurer, that involves the
transfer of investment or credit risk unaccompanied by the transfer
of insurance risk; or
(9) insurance provided by or guaranteed by government.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 461.003 462.001 462.002 462.003 462.004 462.005 462.006 462.007 462.008 462.009 462.010 462.011 462.012 462.013 462.014
Last modified: August 10, 2007
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