reglab/housing_qa huggingface dataset:
TX Ins Code § 911.065 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 911 - Farm Mutual Insurance Companies|Subchapter B. Organization of Farm Mutual Insurance Company; Directors|Section 911.065. Voting by Policyholder

Sec. 911.065.  VOTING BY POLICYHOLDER.  (a)  Each policyholder of a farm mutual insurance company is entitled to only one vote at a policyholders' meeting.(b)  A policyholder may not vote by proxy.(c)  A farm mutual insurance company may provide in its constitution or bylaws that a policyholder may vote electronically or by mail without making a personal appearance at a policyholders' meeting.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.Amended by: Acts 2017, 85th Leg., R.S., Ch. 1083 (H.B. 3496), Sec. 3, eff. September 1, 2017.|
TX Ins Code § 911.066 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 911 - Farm Mutual Insurance Companies|Subchapter B. Organization of Farm Mutual Insurance Company; Directors|Section 911.066. Authority to Prohibit Waiver of Bylaws

Sec. 911.066.  AUTHORITY TO PROHIBIT WAIVER OF BYLAWS.  A farm mutual insurance company may provide in its bylaws that a company adjuster, representative appointed by the company, or local chapter or officer or agent elected by the local chapter may not waive a provision in the company's constitution or bylaws or in a policy issued by the company.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 911.067 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 911 - Farm Mutual Insurance Companies|Subchapter B. Organization of Farm Mutual Insurance Company; Directors|Section 911.067. Application for Extension of Charter for Certain Companies; Term

Sec. 911.067.  APPLICATION FOR EXTENSION OF CHARTER FOR CERTAIN COMPANIES;  TERM.  (a)  Before a farm mutual insurance company's charter expires, the company may apply to the department for an extension of the company's charter if:(1)  the company was chartered, holding a certificate of authority, and operating before May 21, 1973, under Chapter 16, Insurance Code, as it existed on that date;  or(2)  the company was organized and engaging in business before April 6, 1937, and the company continues to engage in business.(b)  A farm mutual insurance company described by Subsection (a) and whose charter has expired may apply to the department to have the charter extended perpetually if the company is engaged in business in this state.(c)  The term of the charter begins on the date that the charter is extended or, if the original charter expired before the charter is extended, the date the original charter expired.(d)  An application for an extension must be authorized by either a two-thirds majority vote of the company's directors or by a simple majority vote of those voting at a policyholders' meeting and must:(1)  state in full the charter to be extended;(2)  state the period for which the charter is to be extended;  and(3)  be signed and acknowledged by the president and secretary of the company.(e)  A company whose charter is extended retains the rights, privileges, and immunities granted the company under the company's original charter.(f)  The department shall charge and collect a fee of $10 for the extension of a farm mutual insurance company's charter.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 911.101 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 911 - Farm Mutual Insurance Companies|Subchapter C. Authority to Engage in Business in This State|Section 911.101. Authority to Engage in Business

Sec. 911.101.  AUTHORITY TO ENGAGE IN BUSINESS.  Except to the extent of any conflict with this chapter, a farm mutual insurance company must hold a certificate of authority under Section 801.051 to engage in the business of insurance in this state under this chapter.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 911.151 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 911 - Farm Mutual Insurance Companies|Subchapter D. Policies and Coverage|Section 911.151. Kinds of Insurance Authorized

Sec. 911.151.  KINDS OF INSURANCE AUTHORIZED.  (a)  A farm mutual insurance company may insure property against loss or damage by:(1)  fire, lightning, explosion, theft, windstorm, hurricane, hail, riot, civil commotion, smoke, aircraft, or land vehicles;  or(2)  any other hazard against which any other fire or windstorm insurance company operating in this state under Chapter 862 may write insurance on property described by Subsection (b).(b)  The company may write insurance against the hazards described by Subsection (a) on:(1)  a rural or urban dwelling and attendant outhouses and yard buildings and all their contents for home and personal use, musical instruments and libraries, barns and ranch buildings of any description and vehicles and implements used on or about barns or ranch buildings;(2)  agricultural products that are produced or kept on farms or ranches;(3)  a church building, fraternal lodge hall, private or church school, or nonindustrial use building owned by a nonprofit organization, regardless of the location;(4)  a trailer or mobile home;  and(5)  growing crops if the insurance is reinsured by:(A)  the Federal Crop Insurance Corporation under Section 508, Federal Crop Insurance Act (7 U.S.C. Section 1508);  or(B)  a property and casualty insurance company that:(i)  is authorized to write insurance in this state;  and(ii)  has a rating by the A.M. Best Company of A- or better.(c)  An insurance policy written by a farm mutual insurance company against loss or damage by windstorm, hurricane, or hail, as described by Subsection (a), may include coverage for:(1)  a building or other structure that is built wholly or partially over water; and(2)  the corporeal movable property contained in a building or structure described by Subdivision (1).(d)  The farm mutual insurance company may impose appropriate limits of coverage and deductibles for coverage described by Subsection (c).|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.Amended by: Acts 2005, 79th Leg., Ch. 1153 (H.B. 3048), Sec. 4, eff. September 1, 2005.|
TX Ins Code § 911.152 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 911 - Farm Mutual Insurance Companies|Subchapter D. Policies and Coverage|Section 911.152. Property and Hazards Against Which Company May Not Insure

Sec. 911.152.  PROPERTY AND HAZARDS AGAINST WHICH COMPANY MAY NOT INSURE.  (a)  A farm mutual insurance company may not insure:(1)  a building, or the building's contents, with more than 40 percent of the building's floor space or more than 500 square feet of floor space, whichever is less, used for business purposes, except as provided by Section 911.151(b)(3);  or(2)  any type of commercial or private passenger motor vehicle, except as provided by Section 911.151(b)(4).(b)  A farm mutual insurance company may not assume or issue an insurance policy that:(1)  indemnifies an insured for liability to a third party the insured incurs in committing a tortious act;  or(2)  covers an insured for liability the insured incurs under a contract to maintain, hold, or store property belonging to another.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 911.153 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 911 - Farm Mutual Insurance Companies|Subchapter D. Policies and Coverage|Section 911.153. Contract Terms: Incorporation of Bylaws

Sec. 911.153.  CONTRACT TERMS:  INCORPORATION OF BYLAWS.  (a)  A farm mutual insurance company's bylaws are part of each contract between the company and an insured.(b)  Each policy issued by the company must state that the company's bylaws are part of the contract.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 911.154 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 911 - Farm Mutual Insurance Companies|Subchapter D. Policies and Coverage|Section 911.154. Contract Terms: Adoption of Additional Provisions

Sec. 911.154.  CONTRACT TERMS:  ADOPTION OF ADDITIONAL PROVISIONS.  (a)  A farm mutual insurance company may adopt as part of the company's bylaws and insurance policies any provision contained in the standard policies of companies writing fire or windstorm insurance as adopted by the commissioner to the extent the provision applies to a farm mutual insurance company.(b)  A company that adopts a provision as provided by Subsection (a) shall state in the company's bylaws or in each policy issued by the company that the provision has been adopted as provided by Subsection (a).|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 911.155 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 911 - Farm Mutual Insurance Companies|Subchapter D. Policies and Coverage|Section 911.155. Repair or Replacement of Insured Property

Sec. 911.155.  REPAIR OR REPLACEMENT OF INSURED PROPERTY.  The company's bylaws may authorize the company to require, at its option, that all or a percentage of the money paid for a loss be used to replace or repair the damaged or destroyed property.  The requirement may apply equally to personal and real property, including personal and real property exempt from execution, such as a homestead or a building on the homestead.  The company may provide in its bylaws that the requirements of Section 862.053 do not apply to its insurance policies.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 911.201 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 911 - Farm Mutual Insurance Companies|Subchapter E. Charges, Premiums, and Assessments|Section 911.201. Payment of Premium or Assessment

Sec. 911.201.  PAYMENT OF PREMIUM OR ASSESSMENT.  (a)  A farm mutual insurance company's bylaws must:(1)  state the time and manner of the levy and payment of a premium or assessment for policies written by the company;(2)  in addition to the regular premium or assessment under Subdivision (1), establish the contingent liability of a policyholder for all losses accrued while a policy is in force in the amount of at least $1 for each $100 of insurance coverage, except as provided by Subsection (b);  and(3)  state the time and manner of payment of a policyholder's contingent liability established under Subdivision (2).(b)  A company's bylaws may provide for the issuance of policies without contingent liability as required by Subsection (a)(2) if the company has policyholder surplus in the amount of at least $1,000,000.(c)  As required by its bylaws, a farm mutual insurance company shall establish and levy premiums and assessments, including the contingent liability of a policyholder, for all insurance written by the company.(d)  A policyholder shall pay premiums and assessments as required by the company's bylaws.(e)  The premium or assessment for a policy shall be secured by a lien on each item of real or personal property, other than a homestead, covered by the policy, including the land on which an insured building is located.  The lien remains on the property while the insured owns the property.(f)  A conservator, receiver, or liquidator of a farm mutual insurance company may not make an assessment against a policyholder for the contingent liability established under Subsection (a)(2).|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 911.202 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 911 - Farm Mutual Insurance Companies|Subchapter E. Charges, Premiums, and Assessments|Section 911.202. Nonpayment of Premiums or Assessments: Filing of Action

Sec. 911.202.  NONPAYMENT OF PREMIUMS OR ASSESSMENTS:  FILING OF ACTION.  (a)  A farm mutual insurance company may bring an action in the county in which the company's home office is located against a policyholder who defaults on the payment of a premium or an assessment.(b)  The company is entitled to judgment against the policyholder for:(1)  delinquent premiums or assessments;(2)  foreclosure of the lien described by Section 911.201;  and(3)  the costs of an action, including a reasonable attorney's fee.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 911.203 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 911 - Farm Mutual Insurance Companies|Subchapter E. Charges, Premiums, and Assessments|Section 911.203. Policyholder Liability

Sec. 911.203.  POLICYHOLDER LIABILITY.  A policyholder is liable for the losses of a farm mutual insurance company only as provided by the company's constitution and bylaws, and only in proportion to the amount that the premium or assessment for the policyholder's policy bears to the total amount of premiums or assessments for all policies written by the company in the class to which the policyholder's policy belongs.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 911.251 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 911 - Farm Mutual Insurance Companies|Subchapter F. Agents|Section 911.251. Licensing and Appointment of Certain Agents

Sec. 911.251.  LICENSING AND APPOINTMENT OF CERTAIN AGENTS.  (a)  An individual or firm may not solicit, write, sign, execute, or deliver insurance policies, bind insurance risks, collect premiums, or otherwise act on behalf of a farm mutual insurance company in the capacity of an insurance agent in the solicitation or sale of crop insurance unless the individual or firm holds a license issued under Title 13.(b)  A farm mutual insurance company may not appoint and act through an agent under Subchapter F, Chapter 4051.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.  Amended by Acts 2003, 78th Leg., ch. 1276, Sec. 10A.223(a), eff. Sept. 1, 2003.Amended by: Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.107, eff. April 1, 2009.|
TX Ins Code § 911.301 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 911 - Farm Mutual Insurance Companies|Subchapter G. Regulation of Farm Mutual Insurance Company; Financial Requirements|Section 911.301. General Operating Requirements

Sec. 911.301.  GENERAL OPERATING REQUIREMENTS.  (a)  In this section, "rural property" means property located outside an area of land subject to the taxing authority of a municipality with a population of more than 2,500.(b)  A farm mutual insurance company shall:(1)  maintain a majority of the company's total insurance in force on rural property at all times the insurance is written;  and(2)  operate on a regular and special assessment basis.(c)  Except as otherwise approved by the commissioner, a farm mutual insurance company may not use more than 33 percent of the company's gross income for expenses.(d)  Property that is rural property at the time the property is originally insured continues to be classified as rural property if:(1)  the policy or policies that insure the property are written by the same farm mutual insurance company;  and(2)  the coverage continues in effect without lapse of coverage for more than 60 days.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 911.302 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 911 - Farm Mutual Insurance Companies|Subchapter G. Regulation of Farm Mutual Insurance Company; Financial Requirements|Section 911.302. Location of Business

Sec. 911.302.  LOCATION OF BUSINESS.  (a)  Except as provided by Subsection (b), a farm mutual insurance company may write insurance in:(1)  the county in which the company's home office is located at the time of incorporation and in any county adjoining the county in and for which the company is organized;(2)  any county in which another farm mutual insurance company is not organized;  and(3)  any county in this state if the company's reserve fund exceeds $200,000 in cash or securities in which the reserve fund of a stock fire insurance company may be invested.(b)  This section does not apply to a farm mutual insurance company organized and operating in this state under a certificate of authority issued before May 21, 1973, under former Chapter 16 of this code.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 911.303 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 911 - Farm Mutual Insurance Companies|Subchapter G. Regulation of Farm Mutual Insurance Company; Financial Requirements|Section 911.303. Reinsurance

Sec. 911.303.  REINSURANCE.  (a)  A farm mutual insurance company may reinsure the company's risks with another company against any hazard against which the farm mutual insurance company is permitted to insure.(b)  The farm mutual insurance company may contract for mutual or reciprocal reinsurance with another company on the mutual or cooperative plan subject to the following conditions:(1)  the farm mutual company may assume the reinsurance on the risks of the other company only if the other company reinsures the risks of the farm mutual insurance company;  and(2)  the farm mutual company may write or assume the reinsurance only on property that the company is authorized to insure and that is located in this state.(c)  A farm mutual insurance company that reinsures another company's property is liable for the losses of the other company only as specified in the reinsurance contract.  The farm mutual insurance company does not become a member or partner of the other company as a result of the reinsurance.(d)  A farm mutual insurance company may pay or collect additional assessments or premiums for the purpose of a contract described by Subsection (b).|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 911.304 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 911 - Farm Mutual Insurance Companies|Subchapter G. Regulation of Farm Mutual Insurance Company; Financial Requirements|Section 911.304. Annual Reports Required

Sec. 911.304.  ANNUAL REPORTS REQUIRED.  (a)  A farm mutual insurance company shall annually prepare a written report as required by this section and submit the report to the company's policyholders.(b)  The annual report must show:(1)  the total amount of premiums paid during the year for the policyholders' insurance;(2)  the company's operating expenses; and(3)  the total amount of claims paid and the amount paid for each covered peril.(c)  Repealed by Acts 2007, 80th Leg., R.S., Ch. 47, Sec. 2, eff. May 8, 2007.(d)  The company shall make available to each policyholder a copy of the annual report at the time and in the manner prescribed by the company's bylaws.(e)  A farm mutual insurance company shall make annual reports to the department as required by the commissioner or by law.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.Amended by: Acts 2007, 80th Leg., R.S., Ch. 47 (S.B. 849), Sec. 1, eff. May 8, 2007.Acts 2007, 80th Leg., R.S., Ch. 47 (S.B. 849), Sec. 2, eff. May 8, 2007.|
TX Ins Code § 911.305 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 911 - Farm Mutual Insurance Companies|Subchapter G. Regulation of Farm Mutual Insurance Company; Financial Requirements|Section 911.305. Examination of Company

Sec. 911.305.  EXAMINATION OF COMPANY.  The department shall examine each farm mutual insurance company as often as the department determines necessary.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 911.306 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 911 - Farm Mutual Insurance Companies|Subchapter G. Regulation of Farm Mutual Insurance Company; Financial Requirements|Section 911.306. Solvency Requirements

Sec. 911.306.  SOLVENCY REQUIREMENTS.  (a)  A farm mutual insurance company is solvent if:(1)  the company's assets, including the policyholders' contingent liability for the company's losses, are reasonably sufficient to pay the company's losses according to the terms of the policies;  and(2)  the company's required unencumbered surplus, if any, has not been impaired in excess of 16-2/3 percent of the required unencumbered surplus.(b)  A company that is solvent as provided by this section may continue to engage in the business of insurance.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 911.307 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 911 - Farm Mutual Insurance Companies|Subchapter G. Regulation of Farm Mutual Insurance Company; Financial Requirements|Section 911.307. Reserve Requirements

Sec. 911.307.  RESERVE REQUIREMENTS.  (a)  A farm mutual insurance company's board of directors may provide for the accumulation of reserve funds.(b)  The company shall invest the reserve funds in the same type of securities in which the reserve funds of other fire insurance companies are required to be invested by law.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|