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Texas Insurance Code - INS § 911.302. Location of Business

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

(a) Except as provided by Subsection (b), a farm mutual insurance company may write insurance in:

(1) the county in which the company's home office is located at the time of incorporation and in any county adjoining the county in and for which the company is organized;

(2) any county in which another farm mutual insurance company is not organized;  and

(3) any county in this state if the company's reserve fund exceeds $200,000 in cash or securities in which the reserve fund of a stock fire insurance company may be invested.

(b) This section does not apply to a farm mutual insurance company organized and operating in this state under a certificate of authority issued before May 21, 1973, under former Chapter 16 of this code.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 911.302. Location of Business - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-911-302/

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