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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) On entering into a reciprocal or interinsurance contract, the subscribers, through the attorney in fact, shall file with the department a declaration verified by the oath of the attorney in fact.
(b) The declaration must include:
(1) the name of the proposed exchange;
(2) the kinds of insurance to be provided under the reciprocal or interinsurance contract;
(3) a copy of the form of the power of attorney or other authorization of the attorney in fact under which the insurance is to be provided;
(4) the location of each office from which the reciprocal or interinsurance contracts are to be issued; and
(5) any other information prescribed by the department, including an affidavit comparable to the affidavit prescribed by Section 822.057(a)(3).
Cite this article: FindLaw.com - Texas Insurance Code - INS § 942.053. Subscriber Declaration - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-942-053/
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