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Texas Insurance Code - INS § 887.006. Construction

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

(a) This chapter does not:

(1) enlarge the powers or rights of any association;

(2) enlarge the scope of an association's legal or corporate existence;  or

(3) authorize the creation of any association or corporation to engage in the business of insurance described by Section 887.003(b) if that creation is not specifically permitted by law.

(b) The laws prohibiting or limiting creation of an association and the exercise of corporate power are not affected by this chapter.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 887.006. Construction - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-887-006/

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