™Your Policy Risk Impact Agent
386 chapters · 7,822 sections in this title.
Tex. Insurance Code § 862.001 Annual Statement
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Sec. 862.001. ANNUAL STATEMENT. (a) Each year the president or vice president and the secretary of a fire, marine, or inland marine insurance company shall: (1) prepare under oath a complete and accurate statement of the condition of the company as of December 31 of the preceding…
Tex. Insurance Code § 862.002 Prohibitions Relating To Holding Real Property; Exceptions
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Sec. 862.002. PROHIBITIONS RELATING TO HOLDING REAL PROPERTY; EXCEPTIONS. (a) A fire, marine, or inland marine insurance company may not purchase, hold, or convey real property, except as provided by Subsections (b) and (c). (b) The company may erect and maintain buildings ample …
Tex. Insurance Code § 862.003 Admitted Assets
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Sec. 862.003. ADMITTED ASSETS. The value of the property of the company shown on the report as determined under Section 862.001 and the rules adopted by the commissioner adopted under that section is considered to be an admitted asset of the company for all purposes. Added by Act…
Tex. Insurance Code § 862.051 Kinds of Insurance Authorized
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Sec. 862.051. KINDS OF INSURANCE AUTHORIZED. On filing notice of its intent with the department, an insurance company engaged in the business of insurance in this state under an appropriate certificate of authority may: (1) insure houses, buildings, and other property against los…