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legal-2026.07.26-907

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Provision text match · United States — Texas · en

Insurance Code § 912.304

unknown Code Section 912.304 — Insurance Code § 912.304

Insurance Code § 912.304

Sec. 912.304. REINSURANCE. (a) A county mutual insurance company may reinsure any or all of the company's risks with another company against any hazard against which the county mutual insurance company is permitted to insure. (b) The county mutual insurance company may contract for mutual or reciprocal reinsurance with another company on the mutual or cooper

Topics: reinsurance

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Provision text match · United States — Texas · en

Insurance Code § 884.603

unknown Code Section 884.603 — Insurance Code § 884.603

Insurance Code § 884.603

Sec. 884.603. EXEMPTION FROM CAPITAL AND SURPLUS REQUIREMENTS. (a) A stipulated premium company is exempt from the capital and surplus requirements of Section 884.601(a) if the company: (1) was organized before September 1, 1989; (2) possesses capital in an amount equal to at least $100,000 and unencumbered surplus in an amount equal to at least $100,000; an

Topics: capital requirements, change of control, exemptions, surplus requirements

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Provision text match · United States — Texas · en

Business Organizations Code § 101.110

unknown Code Section 101.110 — Business Organizations Code § 101.110

Business Organizations Code § 101.110

S AND LIABILITIES OF ASSIGNEE OF MEMBERSHIP INTEREST AFTER BECOMING MEMBER. (a) An assignee of a membership interest in a limited liability company, after becoming a member of the company, is: (1) entitled, to the extent assigned, to the same rights and powers granted or provided to a member of the company by the company agreement or this code; (2) subject t

Topics: assignees, membership interests, rights and liabilities

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Provision text match · United States — Texas · en

Insurance Code § 825.102

unknown Code Section 825.102 — Insurance Code § 825.102

Insurance Code § 825.102

Sec. 825.102. ACQUISITION IN TRUST. (a) Until all of the shares of a converting company are acquired, any shares acquired under the stock acquisition plan shall be held in trust for the policyholders of the converting company by three trustees appointed as provided by the stock acquisition plan. (b) Each appointee must file with the converting company a veri

Topics: dividends, policyholders, stock acquisition plan, trust administration

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Provision text match · United States — Texas · en

Insurance Code § 425.157

unknown Code Section 425.157 — Insurance Code § 425.157

Insurance Code § 425.157

UIREMENTS. (a) This section takes precedence over Sections 425.109-425.120, 425.122-425.153, and 425.155(a), (b), and (c). (b) An insurance company's investments in all or any types of securities, loans, obligations, or evidences of indebtedness of a single issuer or borrower, including the issuer's or borrower's majority-owned subsidiaries or parent and the

Topics: asset diversification, investment limits, real property

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Provision text match · United States — Texas · en

Occupations Code § 2402.154

unknown Code Section 2402.154 — Occupations Code § 2402.154

Occupations Code § 2402.154

Sec. 2402.154. DATA SHARING WITH MUNICIPALITY. A municipality and a transportation network company or delivery network company may voluntarily enter into an agreement under which the company shares the company's data with the municipality. Added by Acts 2017, 85th Leg., R.S., Ch. 231 (H.B. 100), Sec. 1, eff. May 29, 2017. Amended by: Acts 2025, 89th Leg., R.

Topics: data sharing, municipal agreements, transportation network companies

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Provision text match · United States — Texas · en

Transportation Code § 112.060

unknown Code Section 112.060 — Transportation Code § 112.060

Transportation Code § 112.060

Sec. 112.060. CONVERSION OF PROPERTY IN CUSTODY OF RAILROAD COMPANY. (a) A railroad company in this state or a receiver of a railroad company in this state may not confiscate or otherwise convert to the company's or receiver's own use, in whole or in substantial part, a carload shipment of any article or commodity of freight traffic received by the company o

Topics: civil liability, freight handling, railroad operations

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Provision text match · United States — Texas · en

Occupations Code § 2402.106

unknown Code Section 2402.106 — Occupations Code § 2402.106

Occupations Code § 2402.106

Sec. 2402.106. INTOXICATING SUBSTANCE POLICY. (a) A transportation network company shall implement an intoxicating substance policy that prohibits a driver who is logged in to the company's digital network from any amount of intoxication. (b) A transportation network company shall include on its Internet website: (1) a notice concerning the company's intoxic

Topics: company policy, complaints, record retention

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Provision text match · United States — Texas · en

Finance Code § 154.203

unknown Code Section 154.203 — Finance Code § 154.203

Finance Code § 154.203

for an insurance policy that funds prepaid funeral benefits may only be collected by a licensed insurance agent appointed by the insurance company issuing the policy and shall be paid to the insurance company in accordance with the agency agreement between the insurance company and the agent. (b) Receipt of premiums by the agent of the insurance company is

Topics: premium collection, prepaid funeral benefits

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Provision text match · United States — Texas · en

Insurance Code § 2502.054

unknown Code Section 2502.054 — Insurance Code § 2502.054

Insurance Code § 2502.054

Sec. 2502.054. CERTAIN DIVISIONS OF PREMIUMS NOT PROHIBITED. (a) For purposes of this section, a subsidiary is a company at least 50 percent of the voting stock of which is owned by the title insurance company or by a wholly owned subsidiary of the title insurance company. (b) This subchapter does not: (1) prohibit a title insurance company from: (A) appoint

Topics: agency appointment, premium division, title insurance

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Provision text match · United States — Texas · en

Business Organizations Code § 5.302

unknown Code Section 5.302 — Business Organizations Code § 5.302

Business Organizations Code § 5.302

Sec. 5.302. AGENT FOR SERIES. (a) The registered agent designated and maintained by a domestic limited liability company or foreign entity under Subchapter E is an agent of each series of the company or entity for the purpose of service of process, notice, or demand required or permitted by law to be served on a particular series of the company or entity. (b

Topics: legal notice, registered agents, series LLCs

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Provision text match · United States — Texas · en

Insurance Code § 884.302

unknown Code Section 884.302 — Insurance Code § 884.302

Insurance Code § 884.302

Sec. 884.302. LIMITS ON LIFE INSURANCE. (a) Until the amount of the surplus of a stipulated premium company is at least $50,000, the company may not insure one life for more than $1,000 in the event of death from natural causes or more than $2,000 in the event of death from accidental causes, unless the company reinsures the amount of coverage greater than t

Topics: life insurance limits, reinsurance, surplus requirements

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Provision text match · United States — Texas · en

Finance Code § 181.308

unknown Code Section 181.308 — Finance Code § 181.308

Finance Code § 181.308

NSPECTION RIGHTS. (a) Notwithstanding Section 21.218 or 101.502, Business Organizations Code, a shareholder or participant of a state trust company may not examine: (1) a report of examination or other confidential property of the department that is in the possession of the state trust company; or (2) a book or record of the state trust company that directly

Topics: confidential records, shareholder inspection

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Provision text match · United States — Texas · en

Transportation Code § 111.054

unknown Code Section 111.054 — Transportation Code § 111.054

Transportation Code § 111.054

Sec. 111.054. REFUSAL TO ANSWER BY RAILROAD COMPANY; PENALTY. (a) A railroad company is liable to the state for a penalty of $500 if: (1) an officer or employee of the company: (A) fails or refuses to fill out and return a questionnaire under Section 111.052; (B) fails or refuses to answer a question in a questionnaire under Section 111.052; (C) gives a fals

Topics: bookkeeping, penalties, questionnaires, railroads

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Provision text match · United States — Texas · en

Finance Code § 185.010

unknown Code Section 185.010 — Finance Code § 185.010

Finance Code § 185.010

185.010. ADMINISTRATIVE PENALTY. (a) The banking commissioner may initiate a proceeding for an administrative penalty against a state trust company or other person by serving on the state trust company or other person, as applicable, notice of the time and place of a hearing on the penalty. The hearing may not be held earlier than the 20th day after the date

Topics: administrative penalties, hearing notice, regulatory enforcement

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Provision text match · United States — Texas · en

Insurance Code § 884.207

unknown Code Section 884.207 — Insurance Code § 884.207

Insurance Code § 884.207

Sec. 884.207. NEW BUSINESS PROHIBITED WHEN CAPITAL REQUIREMENTS NOT SATISFIED. (a) A stipulated premium company may not write new business in this state unless the company possesses the minimum capital required under this chapter. (b) A stipulated premium company subject to Section 884.205(a) that does not correct the impairment on or before the date provide

Topics: capital requirements, new business restrictions

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Provision text match · United States — Texas · en

Insurance Code § 912.306

unknown Code Section 912.306 — Insurance Code § 912.306

Insurance Code § 912.306

Sec. 912.306. REQUIRED BONDS. (a) A county mutual insurance company shall obtain a bond for: (1) the officer responsible for handling the funds of the company's members; and (2) all other office employees who may have access to the company's funds. (b) The bonds required under this section must: (1) be with a surety authorized by the department to engage in

Topics: bonding, employee funds, financial loss coverage

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Provision text match · United States — Texas · en

Insurance Code § 2651.152

unknown Code Section 2651.152 — Insurance Code § 2651.152

Insurance Code § 2651.152

Sec. 2651.152. ANNUAL AUDIT OF TRUST FUND ACCOUNTS: TITLE INSURANCE COMPANIES. (a) Each title insurance company shall have an annual audit made of trust fund accounts for each county in which it operates in its own name. The company shall pay for the audit. (b) Not later than the 90th day after the date of the end of the title insurance company's fiscal year

Topics: annual audit, reporting, trust fund accounts

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Provision text match · United States — Texas · en

Insurance Code § 912.301

unknown Code Section 912.301 — Insurance Code § 912.301

Insurance Code § 912.301

Sec. 912.301. REPORT REGARDING CONDITION OF COMPANY. (a) The commissioner may, at any time the commissioner determines advisable, compel written reports from a county mutual insurance company regarding the company's condition. (b) The commissioner may require that the report be verified under oath by a responsible officer of the company. Added by Acts 2001,

Topics: company reporting, regulatory examination

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Provision text match · United States — Texas · en

Transportation Code § 112.055

unknown Code Section 112.055 — Transportation Code § 112.055

Transportation Code § 112.055

Sec. 112.055. RIGHT-OF-WAY ACQUIRED BY CONDEMNATION. (a) A right-of-way that a railway company in this state acquires by condemnation does not include a fee simple estate in public or private land. (b) A right-of-way that a railway company acquires by condemnation is not lost on forfeiture or expiration of the railway company's charter. The right-of-way rema

Topics: condemnation, railways, right-of-way

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