{"data":{"id":"us-tx/tex.-insurance-code-942.152","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 942.152","heading":"SUBSCRIBER LIMITED LIABILITY BASED ON CERTAIN MINIMUM CAPITAL AND SURPLUS.","body":"If the unencumbered surplus of an exchange is at least equal to the minimum capital stock and minimum surplus required of a stock insurance company engaged in the same kinds of business, the subscribers of the exchange may provide by agreement that the premium or premium deposit specified in the reciprocal or interinsurance contract constitutes the entire liability of the subscribers through the exchange.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE G. LLOYD'S PLAN AND RECIPROCAL AND INTERINSURANCE EXCHANGES","CHAPTER 942. RECIPROCAL AND INTERINSURANCE EXCHANGES","SUBCHAPTER D. OPERATION, POWERS, AND DUTIES OF EXCHANGE"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.942.htm#942.152","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"02c771b70fc4f674b5f1520a73a0a8396226187539b97edd1ec3addc981bec38","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-942.151","next":"us-tx/tex.-insurance-code-942.153"},"notice":"GroundRules: Original legal text. Not legal advice."}