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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Before an insurer may issue surplus lines insurance, the insurer must hold an authorization to engage in the business of insurance from its domiciliary state or country.
(b) The authorization from the domiciliary state or country must be for the same kind or class of insurance to be written in this state as surplus lines insurance.
(c) The surplus lines insurer must provide to the commissioner satisfactory evidence that the insurer holds the authorization.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 981.051. Authorization Required - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-981-051/
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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