reglab/housing_qa huggingface dataset:
TX Ins Code § 981.153 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 981 - Surplus Lines Insurance|Subchapter D. Surplus Lines Stamping Office|Section 981.153. Plan of Operation

Sec. 981.153.  PLAN OF OPERATION.  (a)  The procedures to administer the stamping office are established by a plan of operation approved by the commissioner.  The plan of operation establishes the terms of the members of the board of directors of the office.(b)  The stamping office shall submit any amendment to the plan of operation to the commissioner.  An amendment to the plan of operation is effective on approval by commissioner order.(c)  If the stamping office fails to submit a suitable amendment to the plan of operation, the commissioner may, after notice and hearing, adopt:(1)  an amendment to the plan of operation;  and(2)  any rules necessary or advisable to implement this subchapter.(d)  A rule adopted under Subsection (c) continues until:(1)  modified by the commissioner;  or(2)  superseded by an amendment to the plan of operation submitted by the stamping office and approved by the commissioner.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 981.154 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 981 - Surplus Lines Insurance|Subchapter D. Surplus Lines Stamping Office|Section 981.154. Powers and Duties

Sec. 981.154.  POWERS AND DUTIES.  (a)  The stamping office shall perform its functions under the plan of operation.(b)  The stamping office shall conduct the following activities as provided in the plan of operation:(1)  receive, record, and review each surplus lines insurance contract that a surplus lines agent is required to file with the office;(2)  provide to the commissioner an evaluation of the eligibility of each surplus lines insurance contract and surplus lines insurer;(3)  prepare monthly reports for the commissioner relating to surplus lines insurance obtained during the preceding month in a form prescribed by the commissioner;(4)  prepare reports for the commissioner relating to surplus lines business;(5)  collect from each surplus lines agent a stamping fee for the costs of operations to be paid by the insured and determined by the department in an amount not to exceed three-fourths of one percent of gross premium resulting from surplus lines insurance contracts;(6)  employ persons;(7)  borrow money;(8)  enter into contracts;(9)  perform any other acts to facilitate or encourage compliance with this chapter and rules adopted under this chapter;  and(10)  provide any other service incidental or related to an office purpose.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 981.155 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 981 - Surplus Lines Insurance|Subchapter D. Surplus Lines Stamping Office|Section 981.155. Supervision by Commissioner

Sec. 981.155.  SUPERVISION BY COMMISSIONER.  The commissioner shall supervise the stamping office.  The stamping office is subject to the applicable provisions of this code and rules of the commissioner.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 981.156 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 981 - Surplus Lines Insurance|Subchapter D. Surplus Lines Stamping Office|Section 981.156. Examination by Commissioner

Sec. 981.156.  EXAMINATION BY COMMISSIONER.  (a)  The commissioner shall examine the stamping office at any time the commissioner considers an examination necessary.(b)  The stamping office shall pay the cost of the examination.(c)  During an examination, a stamping office board member, officer, agent, or employee:(1)  may be examined under oath regarding the operation of the office;  and(2)  shall make available any book, record, account, document, or agreement relating to the operation of the office.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 981.157 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 981 - Surplus Lines Insurance|Subchapter D. Surplus Lines Stamping Office|Section 981.157. Immunity From Liability

Sec. 981.157.  IMMUNITY FROM LIABILITY.  A person or entity is not liable for, and a cause of action does not arise out of, an act or omission in performing a power or duty under this subchapter if the person or entity is:(1)  the stamping office or a board member, officer, agent, or employee of the stamping office;  or(2)  the department or an employee or representative of the department, including the commissioner.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 981.158 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 981 - Surplus Lines Insurance|Subchapter D. Surplus Lines Stamping Office|Section 981.158. Exemption From Public Information Law

Sec. 981.158.  EXEMPTION FROM PUBLIC INFORMATION LAW.  (a)  An individual surplus lines insurance contract filed with the stamping office is:(1)  confidential;  and(2)  not public information under Chapter 552, Government Code.(b)  This section does not prevent access by a state agency to an individual surplus lines insurance contract filed with the stamping office.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 981.159 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 981 - Surplus Lines Insurance|Subchapter D. Surplus Lines Stamping Office|Section 981.159. Exemption From Library and Archives Law

Sec. 981.159.  EXEMPTION FROM LIBRARY AND ARCHIVES LAW.  Chapter 441, Government Code, does not apply to the stamping office or its records.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 981.160 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 981 - Surplus Lines Insurance|Subchapter D. Surplus Lines Stamping Office|Section 981.160. No Enforcement Authority

Sec. 981.160.  NO ENFORCEMENT AUTHORITY.  This subchapter does not give the stamping office authority to enforce this chapter or Chapter 225.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.Amended by: Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.130, eff. April 1, 2009.|
TX Ins Code § 981.201 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 981 - Surplus Lines Insurance|Subchapter E. Surplus Lines Agents|Section 981.201. Definition

Sec. 981.201.  DEFINITION.  In this subchapter, "managing general agent" means an agent licensed under Chapter 4053.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.Amended by: Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.131, eff. April 1, 2009.|
TX Ins Code § 981.202 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 981 - Surplus Lines Insurance|Subchapter E. Surplus Lines Agents|Section 981.202. Surplus Lines License Required

Sec. 981.202.  SURPLUS LINES LICENSE REQUIRED.  An agent licensed by this state may not issue or cause to be issued an insurance contract with an eligible surplus lines insurer unless the agent possesses a surplus lines license issued by the department.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 981.204 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 981 - Surplus Lines Insurance|Subchapter E. Surplus Lines Agents|Section 981.204. Classification of Surplus Lines Agents

Sec. 981.204.  CLASSIFICATION OF SURPLUS LINES AGENTS.  The department may classify surplus lines agents and issue a surplus lines license to an agent in accordance with:(1)  a classification created under this section;  and(2)  reasonable rules of the commissioner.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 981.210 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 981 - Surplus Lines Insurance|Subchapter E. Surplus Lines Agents|Section 981.210. Placement of Coverage

Sec. 981.210.  PLACEMENT OF COVERAGE.  A surplus lines agent may not place surplus lines coverage with an insurer unless:(1)  the insurer meets the eligibility requirements of Subchapter B or B-1; and(2)  the stamping office provides evidence to the department that the insurer meets those requirements.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.Amended by: Acts 2017, 85th Leg., R.S., Ch. 854 (H.B. 2492), Sec. 6, eff. January 1, 2018.|
TX Ins Code § 981.211 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 981 - Surplus Lines Insurance|Subchapter E. Surplus Lines Agents|Section 981.211. Financial Condition of Surplus Lines Insurers

Sec. 981.211.  FINANCIAL CONDITION OF SURPLUS LINES INSURERS.  (a)  A surplus lines agent must make a reasonable effort to determine the financial condition of an eligible surplus lines insurer before placing insurance with that insurer.(b)  A surplus lines agent may not knowingly place surplus lines insurance with a financially unsound insurer.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 981.212 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 981 - Surplus Lines Insurance|Subchapter E. Surplus Lines Agents|Section 981.212. Accepting Surplus Lines Insurance From Other Agents

Sec. 981.212.  ACCEPTING SURPLUS LINES INSURANCE FROM OTHER AGENTS.  (a)  A surplus lines agent may originate surplus lines insurance or accept surplus lines insurance from another agent who is licensed to handle the kind of insurance being accepted.(b)  A surplus lines agent who accepts surplus lines insurance from an agent may share a commission with that agent.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 981.213 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 981 - Surplus Lines Insurance|Subchapter E. Surplus Lines Agents|Section 981.213. Filing Contract With Stamping Office

Sec. 981.213.  FILING CONTRACT WITH STAMPING OFFICE.  A surplus lines agent responsible under Section 225.006 for the filing, reporting, collection, payment, and other requirements imposed by Chapter 225 shall report to and file with the stamping office a copy of each surplus lines insurance contract as provided in the stamping office's plan of operation.  The department may accept that filing instead of the filings required under Section 981.105.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 920 (H.B. 1405), Sec. 3, eff. January 1, 2014.|
TX Ins Code § 981.214 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 981 - Surplus Lines Insurance|Subchapter E. Surplus Lines Agents|Section 981.214. Compliance With Stamping Office Plan of Operation

Sec. 981.214.  COMPLIANCE WITH STAMPING OFFICE PLAN OF OPERATION.  A surplus lines agent shall comply with the stamping office's plan of operation.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 981.215 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 981 - Surplus Lines Insurance|Subchapter E. Surplus Lines Agents|Section 981.215. Surplus Lines Agent Records

Sec. 981.215.  SURPLUS LINES AGENT RECORDS.  (a)  A surplus lines agent shall maintain a complete record of each surplus lines contract obtained by the agent, including any of the following, if applicable:(1)  a copy of the daily report;(2)  the amount of the insurance and risks insured against;(3)  a brief general description of the property insured and the location of that property;(4)  the gross premium charged;(5)  the return premium paid;(6)  the rate of premium charged on the different items of property;(7)  the contract terms, including the effective date;(8)  the insured's name and post office address;(9)  the insurer's name and home office address;(10)  the amount collected from the insured;(11)  an agreement under Section 225.006(c);(12)  evidence establishing that:(A)  the insured qualified as an exempt commercial purchaser and that the surplus lines agent complied with the requirements of Section 981.004(c) if a diligent effort to obtain insurance in the admitted market was not made pursuant to Section 981.004(a)(1); or(B)  the insured qualified as an industrial insured and that the surplus lines agent complied with the requirements of Section 981.004(d) if a diligent effort to obtain insurance in the admitted market was not made pursuant to Section 981.004(a)(1); and(13)  any other information required by the department.(b)  The surplus lines agent shall keep the record required by this section open for examination by the department without notice at any time until the third anniversary of the date the surplus lines contract expires or is canceled.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.  Amended by Acts 2003, 78th Leg., ch. 1276, Sec. 10A.233(a), eff. Sept. 1, 2003.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 595 (S.B. 951), Sec. 9, eff. June 14, 2013.Acts 2013, 83rd Leg., R.S., Ch. 920 (H.B. 1405), Sec. 4, eff. January 1, 2014.Acts 2015, 84th Leg., R.S., Ch. 1236 (S.B. 1296), Sec. 11.002, eff. September 1, 2015.Acts 2017, 85th Leg., R.S., Ch. 92 (H.B. 1559), Sec. 3, eff. September 1, 2017.|
TX Ins Code § 981.216 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 981 - Surplus Lines Insurance|Subchapter E. Surplus Lines Agents|Section 981.216. Annual Report

Sec. 981.216.  ANNUAL REPORT.  (a)  Before March 1 of each year, a surplus lines agent shall submit a report to the department for the preceding calendar year.(b)  The commissioner shall adopt the form for the annual report.(c)  The annual report must:(1)  demonstrate that the amount of insurance obtained from each eligible surplus lines insurer is only the amount that exceeds the amount obtainable from an authorized insurer;  and(2)  include any other information required by the commissioner.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 981.217 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 981 - Surplus Lines Insurance|Subchapter E. Surplus Lines Agents|Section 981.217. Notice to Department Required

Sec. 981.217.  NOTICE TO DEPARTMENT REQUIRED.  (a)  A surplus lines agent shall notify the department not later than the 30th day after the date any of the following occurs:(1)  balances due for more than 90 days to an eligible surplus lines insurer or for more than 60 days to the agent acting on behalf of the surplus lines insurer exceed $1 million or 10 percent of the insurer's policyholder surplus calculated on December 31 of the preceding year;(2)  balances due for more than 60 days from a managing general agent or a local recording agent appointed by or reporting to the managing general agent exceed $500,000;(3)  authority to settle claims for an eligible surplus lines insurer is withdrawn;(4)  funds held for an eligible surplus lines insurer for losses are greater than $100,000 more than the amount necessary to pay losses and loss adjustment expenses expected to be paid on behalf of the insurer in the next 60-day period;  or(5)  the agent's contract to act on behalf of a surplus lines insurer is canceled or terminated.(b)  The commissioner shall adopt the form to be used under Subsection (a). (c)  A surplus lines agent may comply with the notification requirement under Subsections (a)(1), (2), and (4) by submitting a single annual report if:(1)  the agent or applicable eligible surplus lines insurer routinely operates beyond the limits provided by those subdivisions;  and(2)  the commissioner verifies that fact under a procedure adopted by the commissioner.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 981.218 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 981 - Surplus Lines Insurance|Subchapter E. Surplus Lines Agents|Section 981.218. Department Monitoring of Surplus Lines Agents

Sec. 981.218.  DEPARTMENT MONITORING OF SURPLUS LINES AGENTS.  The commissioner shall monitor the activities of surplus lines agents as necessary to protect the public interest.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.  Amended by Acts 2003, 78th Leg., ch. 1276, Sec. 10A.228(b), eff. Sept. 1, 2003.|
TX Ins Code § 981.219 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 981 - Surplus Lines Insurance|Subchapter E. Surplus Lines Agents|Section 981.219. Advertising

Sec. 981.219.  ADVERTISING.  A surplus lines agent may advertise regarding the agent's ability to place surplus lines insurance permitted by this chapter.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 981.220 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 981 - Surplus Lines Insurance|Subchapter E. Surplus Lines Agents|Section 981.220. Managing General Agents; Limited Authority of Certain Agents

Sec. 981.220.  MANAGING GENERAL AGENTS; LIMITED AUTHORITY OF CERTAIN AGENTS.  A surplus lines license granted to a managing general agent who is not also licensed under Chapter 4051 is limited to the acceptance of business originating through a licensed general property and casualty agent.  The license does not authorize the agent to engage in business directly with the insurance applicant.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.  Amended by Acts 2003, 78th Leg., ch. 1276, Sec. 10A.234(a), eff. Sept. 1, 2003.Amended by: Acts 2007, 80th Leg., R.S., Ch. 548 (S.B. 1263), Sec. 2.10, eff. September 1, 2007.|
TX Ins Code § 981.221 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 981 - Surplus Lines Insurance|Subchapter E. Surplus Lines Agents|Section 981.221. Suspension or Revocation of License

Sec. 981.221.  SUSPENSION OR REVOCATION OF LICENSE.  If a license holder does not maintain the qualifications necessary to obtain the license, the department may revoke or suspend the license or deny the renewal of that license in accordance with Chapter 4003 and Subchapters B and C, Chapter 4005.|Added by Acts 2003, 78th Leg., ch. 1276, Sec. 10A.229(b), eff. Sept. 1, 2003.Amended by: Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.134, eff. April 1, 2009.|
TX Ins Code § 981.222 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 981 - Surplus Lines Insurance|Subchapter E. Surplus Lines Agents|Section 981.222. Applicability of Other Law

Sec. 981.222.  APPLICABILITY OF OTHER LAW.  In addition to the requirements of this chapter, the administration and regulation of a surplus lines agent's license is governed by Title 13, except that the provisions of Sections 4001.002(b)(2)-(6), 4001.003, and 4001.004 and Subchapters C-G, Chapter 4001, do not apply to a license issued under this subchapter.|Added by Acts 2003, 78th Leg., ch. 1276, Sec. 10A.229(c), eff. Sept. 1, 2003.Amended by: Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.135, eff. April 1, 2009.|
TX Ins Code § 981.223 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 981 - Surplus Lines Insurance|Subchapter E. Surplus Lines Agents|Section 981.223. Managing Underwriters

Sec. 981.223.  MANAGING UNDERWRITERS.  (a)  A managing underwriter with whom an insurance policy is placed in the manner described by Section 225.006(b) shall maintain appropriate records and make the records available for inspection by the department and the comptroller, including records of:(1)  the name and address of the insured;(2)  the policy number and policy period;(3)  the name of the eligible surplus lines insurer;(4)  the gross premium charged for the insurance;(5)  the name of the surplus lines agent who placed the policy with the managing underwriter;(6)  the license number of the surplus lines agent who placed the policy with the managing underwriter; and(7)  an agreement, if any, under Section 225.006(c) that applies to the policy.(b)  A managing underwriter who acts as a surplus lines agent for a policy issued by an eligible surplus lines insurer shall maintain appropriate records and make the records available for inspection by the department and the comptroller, including the information listed in Subdivisions (a)(1) through (6).  The records must reflect the name and license number of the managing underwriter as the surplus lines agent placing the policy.(c)  A managing underwriter may hold both a surplus lines agent license and a managing general agent license.|Added by Acts 2011, 82nd Leg., R.S., Ch. 837 (H.B. 3410), Sec. 3, eff. January 1, 2012.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 920 (H.B. 1405), Sec. 5, eff. January 1, 2014.|