Texas Insurance Code - Section 493.002. Applicability Of Chapter
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§ 493.002. APPLICABILITY OF CHAPTER. (a) Except as
provided by Subsection (b), this chapter applies to all insurers,
including:
(1) a stock or mutual property and casualty insurance
company;
(2) a Mexican casualty insurance company;
(3) a Lloyd's plan;
(4) a reciprocal or interinsurance exchange;
(5) a nonprofit legal service corporation;
(6) a county mutual insurance company;
(7) a farm mutual insurance company;
(8) a risk retention group; and
(9) any insurer writing a line of insurance regulated
by Title 10.
(b) This chapter does not apply to a ceding insurer
domiciled in another state that regulates credit for reinsurance
under statutes, rules, or regulations substantially similar in
substance and effect to this chapter if the ceding insurer on
request provides the commissioner with:
(1) evidence of the similarity in the form of those
statutes, rules, or regulations; and
(2) an interpretation of the standards used by the
state of domicile.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 492.152 492.153 492.154 492.155 492.156 492.157 493.001 493.002 493.003 493.051 493.052 493.053 493.054 493.055 493.101
Last modified: August 10, 2007
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