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Texas Insurance Code - INS § 884.002. Applicability of Other Law to Company

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

(a) Except as expressly provided by this code, a provision of this code, other than this chapter, does not apply to a stipulated premium company organized under this chapter.

(b) A law enacted after August 28, 1961, does not apply to a stipulated premium company unless stipulated premium companies are expressly designated in the law.

(c) The following provisions of this code apply to a stipulated premium company:

(1) Article 21.47;

(2) Section 38.001;

(3) Chapter 86;

(4) Subchapter A, Chapter 401;  1

(5) Sections 401.051, 401.052, 401.054-401.062, 401.151, 401.152, 401.155, and 401.156;

(6) Sections 403.001, 403.052, and 403.102;

(7) Subchapter A, Chapter 404;  2

(8) Section 421.001;

(9) Subchapter D, Chapter 425;  3

(10) Chapter 443;

(11) Chapter 493, other than Section 493.051(b);

(12) Chapter 541;

(13) Sections 801.001-801.002;

(14) Sections 801.051-801.055;

(15) Section 801.057;

(16) Sections 801.101-801.102;

(17) Subchapter A, Chapter 821;  4

(18) Chapter 824;

(19) Chapter 828;

(20) Section 841.251;

(21) Section 841.259;

(22) Section 841.261;

(23) Section 841.703; and

(24) Chapter 4152.

(d) The Securities Act (Title 12, Government Code) applies to a stipulated premium company.

(e) The Texas Business Corporation Act applies to a stipulated premium company to the extent that law is not inconsistent with an insurance law applicable to a stipulated premium company. The department shall perform a duty imposed by the Texas Business Corporation Act on the office of the secretary of state that is applicable to a stipulated premium company.

1 V.T.C.A., Insurance Code § 401.001 et seq.
2 V.T.C.A., Insurance Code § 404.001 et seq.
3 V.T.C.A., Insurance Code § 425.201 et seq.
4 V.T.C.A., Insurance Code § 821.001 et seq.
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Cite this article: FindLaw.com - Texas Insurance Code - INS § 884.002. Applicability of Other Law to Company - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-884-002/

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