Sec. 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, Sec. 1, eff. April 1, 2005.
Section: 221.001 221.002 221.003 221.004 221.005 221.006 NextLast modified: September 28, 2016