SUBCHAPTER A GENERAL PROVISIONS
- Texas Section 912.001 - Definitions
In this chapter: (1) "Member" includes a policyholder or another person who is insured by a county mutual insurance company. (2) "Policy" includes a certificate...
- Texas Section 912.002 - Limited Exemption From Insurance Laws; Applicability Of Certain Laws
(a) A county mutual insurance company is exempt from the operation of all insurance laws of this state except laws that are made applicable by...
- Texas Section 912.003 - Fees
The department shall charge and collect a fee in the amount of $1 for the issuance of a county mutual insurer's certificate of authority. Added...
- Texas Section 912.004 - Formation Of New County Mutual Company Prohibited
A new county mutual insurance company may not be formed under this chapter. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June...
SUBCHAPTER B ORGANIZATION OF COUNTY MUTUAL INSURANCE COMPANY; DIRECTORS
- Texas Section 912.005 - Limitation On Transfer Of Business To County Mutual Insurance Company
An insurer may not transfer more than 10 percent of the insurer's insurance policies to a county mutual insurance company without the prior approval of...
- Texas Section 912.051 - Applicability Of Texas Non-profit Corporation Act
(a) Except to the extent of any conflict with this code, the Texas Non-Profit Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil Statutes) applies...
- Texas Section 912.052 - Eligibility Of Board Of Directors; Term
(a) An individual is eligible to serve as a director of a county mutual insurance company if the individual is a policyholder who maintains insurance...
- Texas Section 912.053 - General Powers Of Board Of Directors
The board of directors of a county mutual insurance company has the powers provided by the company's charter. Added by Acts 2001, 77th Leg., ch....
- Texas Section 912.054 - Authority To Borrow Money
(a) The board of directors of a county mutual insurance company may borrow money in an amount determined to be necessary to pay the company's...
- Texas Section 912.055 - Charter And Articles Of Incorporation
The charter and articles of incorporation of a county mutual insurance company must state: (1) the name of the company, which must include the words...
- Texas Section 912.056 - Creation Of Local Chapters And Districts
(a) A county mutual insurance company's bylaws may provide for: (1) the organization of local chapters to transact the company's business; and (2) the creation...
- Texas Section 912.057 - Policyholder Meetings
(a) A county mutual insurance company shall hold a policyholder meeting to elect directors and transact business at the time and place and in the...
- Texas Section 912.058 - Voting By Policyholders
(a) Each policyholder of a county mutual insurance company is entitled to only one vote at a policyholders' meeting. (b) A policyholder may not vote...
- Texas Section 912.059 - Amendment To Bylaws
(a) A majority of the members of a county mutual insurance company, either in person or by proxy when ratified by the board of directors,...
- Texas Section 912.060 - Authority To Prohibit Waiver Of Bylaws
A county mutual insurance company may provide in its bylaws that a local chapter or an officer or agent elected by the local chapter may...
SUBCHAPTER C AUTHORITY TO ENGAGE IN BUSINESS IN THIS STATE
- Texas Section 912.061 - Application For Extension Of Charter; Term
(a) Before a county mutual insurance company's charter or extension of the charter expires, the company may apply to the department for an extension of...
- Texas Section 912.101 - Operation Under Certificate Of Authority
A county mutual insurance company engages in the business of insurance under a certificate of authority issued by the department. Added by Acts 2001, 77th...
SUBCHAPTER D POLICIES AND COVERAGE
- Texas Section 912.102 - Authority To Engage In Business
A county mutual insurance company may engage in the business of insurance in accordance with this chapter and other applicable laws only if: (1) the...
- Texas Section 912.151 - Kinds Of Insurance Authorized
(a) A county mutual insurance company that qualifies to write casualty lines for statewide operation may write all lines of automobile insurance. The company may...
- Texas Section 912.152 - Policy Forms
(a) A county mutual insurance company is subject to: (1) Sections 1952.051-1952.055; (2) Subchapter B, Chapter 2002; (3) Chapter 2301; and (4) Articles 5.06 and...
- Texas Section 912.153 - Contract Terms: Incorporation Of Bylaws
(a) A county mutual insurance company's bylaws are part of each contract between the company and an insured. (b) Each policy issued by the company...
- Texas Section 912.154 - Amount Of Insurance Under Multiple Hazards Policy
The amount of risk or insurance coverage in a policy that insures a risk against more than one hazard is the maximum loss the county...
- Texas Section 912.155 - Repair Or Replacement Of Insured Property
(a) The county mutual insurance company's bylaws may authorize the company to require, at its option, that all or a percentage of the money paid...
- Texas Section 912.156 - Contesting Claim For Certain Purposes Prohibited
(a) In this section, "full payment" means payment of the full amount of a loss actually sustained on the occurrence of the contingency against which...
SUBCHAPTER E CHARGES, PREMIUMS, AND ASSESSMENTS
- Texas Section 912.157 - Denial Of Claim: Notice Required
(a) A county mutual insurance company shall notify a claimant of the company's intent to deny liability on a claim not later than the 60th...
- Texas Section 912.201 - Schedule Of Charges
A county mutual insurance company shall file with the department a schedule of the amounts the company charges a policyholder or an applicant for a...
- Texas Section 912.202 - Payment Of Premium Or Assessment
(a) A county mutual insurance company's bylaws must: (1) state the time and manner of the levy and payment of a premium or assessment for...
- Texas Section 912.203 - Nonpayment Of Premium Or Assessment: Filing Of Action
(a) A county mutual insurance company may bring an action in the home county of the company against a policyholder who defaults on the payment...
SUBCHAPTER F AGENTS
- Texas Section 912.204 - Policyholder Liability
A policyholder is liable for the losses of a county mutual insurance company only as provided by Section 912.202 and the company's bylaws, and only...
SUBCHAPTER G REGULATION OF COUNTY MUTUAL INSURANCE COMPANY; FINANCIAL REQUIREMENTS
- Texas Section 912.251 - Licensing And Appointment Of Agents
An agent for a county mutual insurance company must be licensed and appointed as provided by Title 13. Added by Acts 2001, 77th Leg., ch....
- Texas Section 912.301 - Report Regarding Condition Of Company
(a) The commissioner may, at any time the commissioner determines advisable, compel written reports from a county mutual insurance company regarding the company's condition. (b)...
- Texas Section 912.302 - Annual Statement Fee
The department shall charge and the comptroller shall collect a fee of $20 for the filing of an annual statement by a county mutual insurance...
- Texas Section 912.303 - Books And Records
(a) A county mutual insurance company shall maintain the company's books and records in a form and manner that accurately reflects the condition of the...
- Texas Section 912.304 - Reinsurance
(a) A county mutual insurance company may reinsure any or all of the company's risks with another company against any hazard against which the county...
- Texas Section 912.305 - Security Deposit
(a) A county mutual insurance company shall maintain with the comptroller through the department a deposit in cash or, subject to the commissioner's approval, convertible...
- Texas Section 912.306 - Required Bonds
(a) A county mutual insurance company shall obtain a bond for: (1) the officer responsible for handling the funds of the company's members; and (2)...
- Texas Section 912.307 - Reserve Requirements
(a) A county mutual insurance company shall maintain unearned premium reserves as provided by Section 862.102. (b) The company shall invest the unearned premium reserves...
- Texas Section 912.308 - Amount And Investment Of Surplus
(a) A county mutual insurance company shall maintain an unencumbered surplus which may be invested only in items listed in Section 822.204. The unencumbered surplus...
- Texas Section 912.309 - Policyholder Loans To Company
(a) A policyholder may loan to a county mutual insurance company money as necessary: (1) for the company to engage in the company's business; or...
SUBCHAPTER O GENERAL FINANCIAL REGULATION
- Texas Section 912.310 - Certain Companies Exempt
(a) Chapter 196, Acts of the 53rd Legislature, Regular Session, 1953, and Chapter 117, Acts of the 54th Legislature, Regular Session, 1955, do not apply...
SUBCHAPTER P DISCIPLINARY ACTION AND PROCEDURES IN GENERAL
- Texas Section 912.701 - Hazardous Financial Condition, Supervision, Conservatorship, And Liquidation
Subchapter A, Chapter 404, and Chapters 441 and 443 apply to a county mutual insurance company engaged in the business of insurance in this state....
- Texas Section 912.751 - Officer Or Director Unworthy Of Trust: Removal And Revocation Of Certificate Of Authority
(a) After notice and hearing, the commissioner shall order the removal of an officer or director of a county mutual insurance company holding a certificate...
- Texas Section 912.752 - Fraudulent Operation Or Improper Contests: Revocation Of Certificate Of Authority
After notice and hearing, the commissioner shall revoke the certificate of authority of a county mutual insurance company that is: (1) operating fraudulently; or (2)...
SUBCHAPTER Q GENERAL CRIMINAL PENALTIES
- Texas Section 912.753 - Time Limit To Appeal
An individual or a county mutual insurance company may appeal an order or a ruling of the commissioner under this chapter not later than the...
- Texas Section 912.801 - Violation Of Chapter; Criminal Penalty
(a) Except as otherwise provided by this subchapter, a person, including a director, officer, agent, employee, attorney at law, or attorney in fact of a...
- Texas Section 912.802 - Conversion; Criminal Penalty
(a) A director, officer, agent, employee, attorney at law, or attorney in fact of a county mutual insurance company commits an offense if the person...
- Texas Section 912.803 - Unlawful Diversion Of Funds; Criminal Penalty
(a) A director, officer, agent, employee, attorney at law, or attorney in fact of a county mutual insurance company commits an offense if the person...
- Texas Section 912.804 - False Affidavit; Criminal Penalty
(a) An officer, director, agent, employee, attorney at law, or attorney in fact of a county mutual insurance company commits an offense if the person...