Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Insurance Code § 964.106: SUBSCRIBER DECLARATION.

Where this section sits in the code

INSURANCE CODE
TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES
SUBTITLE H. OTHER ENTITIES
CHAPTER 964. CAPTIVE INSURANCE COMPANIES
SUBCHAPTER C. CAPTIVE EXCHANGES

A captive exchange shall file with the department a subscriber declaration that includes:

(1) the information described by Section 942.053;

(2) the amount of the captive exchange's initial surplus; and

(3) a provision to authorize a quorum of the governing body of the captive exchange's attorney in fact to consist of not fewer than one-third of the fixed number of members of the governing body.

Added by Acts 2017, 85th Leg., R.S., Ch. 1050 (H.B. 1944), Sec. 2.01, eff. June 15, 2017.

Collected 2026-08-27T01:47:21Z. Source file · JSON

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