Texas Insurance Code Title 10, Chapter 2204 - Texas Insurance Exchange

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 2204.001 - Definitions
  In this chapter: (1) "Directors" means the board of directors of the exchange. (2) "Exchange" means the Texas Insurance Exchange. (3) "Member" means a person,...
• Texas Section 2204.002 - Exemption
  (a) This chapter, Chapters 251 and 261, and rules adopted by the commissioner or comptroller, as applicable, apply to the exchange, a member, and insurance...

SUBCHAPTER B OPERATION AND MANAGEMENT

• Texas Section 2204.003 - Rules
  The commissioner shall adopt rules for the operation and management of the exchange. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2,...
• Texas Section 2204.051 - Purpose Of Exchange; Specific Authorization For Certain Insurance
  (a) The exchange shall provide a facility for underwriting: (1) reinsurance of any kind of insurance; (2) direct insurance of any kind of risk located...
• Texas Section 2204.052 - Operation Of Exchange
  The exchange shall operate under: (1) a constitution and bylaws adopted by the exchange and approved by the department; and (2) rules adopted by the...
• Texas Section 2204.053 - Constitution And Bylaws
  (a) In this section: (1) "Principal office" means an office at which officers and personnel who are engaged in administration, underwriting, claims adjustment, policyholders' service,...

SUBCHAPTER C FINANCES

• Texas Section 2204.054 - Directors
  (a) The directors shall operate and manage the exchange in accordance with rules adopted under Section 2204.003. (b) The directors shall be elected by the...
• Texas Section 2204.101 - Taxes
  (a) Except as provided by this section and Chapters 251 and 261, the exchange is not subject to state or local taxes that are measured...
• Texas Section 2204.102 - Investments In Member Or Agent
  (a) The commissioner by rule may establish limitations on investments in a member. (b) An investment, directly or indirectly, in a member by an agent...
• Texas Section 2204.103 - Coverage By Guaranty Funds
  (a) The performance of a contractual obligation of the exchange or a member entered into under this chapter is not covered by an insurance guaranty...

Last modified: September 28, 2016