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Texas Insurance Code - INS § 2054.003. Operation as Domestic Mutual Insurance Company

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The company operates as a domestic mutual insurance company under Chapter 883.  The company is subject to that chapter, but is not subject to Chapter 826.

(b) The company:

(1) has the legal rights of a mutual insurance company operating under Chapter 883 and of an individual in this state;  and

(2) may bring a suit in the company's own name without any procedural prerequisites to the exercise of that power.

(c) The company is not a state agency or executive agency or a governmental entity for any purpose.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 2054.003. Operation as Domestic Mutual Insurance Company - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2054-003/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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