reglab/housing_qa huggingface dataset:
TX Ins Code § 911.308 (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 911.308. Surplus Requirements

Sec. 911.308.  SURPLUS REQUIREMENTS.  (a)  A farm mutual insurance company organized between January 1, 1955, and May 21, 1973, shall maintain an unencumbered surplus of $2 for each $100 of insurance in force or an unencumbered surplus of $200,000, whichever amount is less.(b)  A farm mutual insurance company organized under this chapter on or after May 21, 1973, shall maintain an unencumbered surplus in cash of $2 for each $100 of insurance in force or an unencumbered surplus of $200,000, whichever amount is greater.(c)  A company described by Subsection (b) shall invest the minimum unencumbered surplus as provided by Section 822.204.  The company may invest funds in excess of the minimum unencumbered surplus as provided by the provisions of Subchapter B, Chapter 424, other than Sections 424.052, 424.072, and 424.073.(d)  A company described by Subsection (b) shall, without delay, restore the minimum unencumbered surplus if the surplus is impaired.  The department shall proceed as provided by Subchapter B, Chapter 404.|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.108, eff. April 1, 2009.|
TX Ins Code § 912.001 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 912 - County Mutual Insurance Companies|Subchapter A. General Provisions|Section 912.001. Definitions

Sec. 912.001.  DEFINITIONS.  In this chapter:(1)  "Member" includes a policyholder or another person who is insured by a county mutual insurance company.(2)  "Policy" includes a certificate or contract of insurance, certificate of membership, or other document through which insurance is effected or evidenced.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.002 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 912 - County Mutual Insurance Companies|Subchapter A. General Provisions|Section 912.002. Limited Exemption From Insurance Laws; Applicability of Certain Laws

Sec. 912.002.  LIMITED EXEMPTION FROM INSURANCE LAWS;  APPLICABILITY OF CERTAIN LAWS.  (a)  A county mutual insurance company is exempt from the operation of all insurance laws of this state except laws that are made applicable by their specific terms or except as specifically provided by this chapter.(b)  A county mutual insurance company is subject to:(1)  Sections 38.001, 401.051, 401.052, 401.054-401.062, 401.151, 401.152, 401.155, 401.156, 501.159, 501.202, 501.203, 822.204, 1806.001, 1806.101, 1806.103(b), 1806.104-1806.107, 1953.051(b), 2002.002, and 2002.005;(2)  Subchapter A, Chapter 86;(3)  Subchapter A, Chapter 401;(4)  the provisions of Subchapter B, Chapter 424, other than Sections 424.052, 424.072, and 424.073;(5)  Chapters 221, 251, 252, 254, 541, and 2210; and(6)  Articles 5.39 and 5.40.(c)  Rate regulation for a residential fire and allied lines insurance policy written by a county mutual insurance company is subject to Chapter 2253.  On and after December 1, 2004, rate regulation for a personal automobile insurance policy and a residential fire and allied lines insurance policy written by a county mutual insurance company is subject to Article 5.13-2 and Chapter 2251.  A county mutual insurance company is subject to Chapter 2253.  The commissioner may adopt rules as necessary to implement this subsection.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.  Amended by Acts 2003, 78th Leg., ch. 206, Sec. 21.40(a), (b), eff. June 11, 2003;  Acts 2003, 78th Leg., ch. 209, Sec. 10, eff. Oct. 1, 2003.Amended by: Acts 2005, 79th Leg., Ch. 631 (H.B. 2565), Sec. 4, eff. September 1, 2005.Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.109, eff. April 1, 2009.Acts 2015, 84th Leg., R.S., Ch. 1137 (S.B. 189), Sec. 3, eff. September 1, 2015.|
TX Ins Code § 912.003 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 912 - County Mutual Insurance Companies|Subchapter A. General Provisions|Section 912.003. Fees

Sec. 912.003.  FEES.  The department shall charge and collect a fee in the amount of $1 for the issuance of a county mutual insurer's certificate of authority.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.004 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 912 - County Mutual Insurance Companies|Subchapter A. General Provisions|Section 912.004. Formation of New County Mutual Company Prohibited

Sec. 912.004.  FORMATION OF NEW COUNTY MUTUAL COMPANY PROHIBITED.  A new county mutual insurance company may not be formed under this chapter.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.005 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 912 - County Mutual Insurance Companies|Subchapter A. General Provisions|Section 912.005. Limitation on Transfer of Business to County Mutual Insurance Company

Sec. 912.005.  LIMITATION ON TRANSFER OF BUSINESS TO COUNTY MUTUAL INSURANCE COMPANY.  An insurer may not transfer more than 10 percent of the insurer's insurance policies to a county mutual insurance company without the prior approval of the commissioner.|Added by Acts 2003, 78th Leg., ch. 206, Sec. 21.405, eff. June 11, 2003.|
TX Ins Code § 912.051 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 912 - County Mutual Insurance Companies|Subchapter B. Organization of County Mutual Insurance Company; Directors|Section 912.051. Applicability of Texas Non-Profit Corporation Act

Sec. 912.051.  APPLICABILITY OF TEXAS NON-PROFIT CORPORATION ACT.  (a)  Except to the extent of any conflict with this code, the Texas Non-Profit Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil Statutes) applies to a county mutual insurance company.  The commissioner has each power and duty of, and shall perform each act to be performed by, the secretary of state under that Act with respect to county mutual insurance companies.(b)  On advance approval of the commissioner, a county mutual insurance company may pay dividends to its members.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.052 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 912 - County Mutual Insurance Companies|Subchapter B. Organization of County Mutual Insurance Company; Directors|Section 912.052. Eligibility of Board of Directors; Term

Sec. 912.052.  ELIGIBILITY OF BOARD OF DIRECTORS;  TERM.  (a)  An individual is eligible to serve as a director of a county mutual insurance company if the individual is a policyholder who maintains insurance coverage in the amount of at least $1,000 written by the company on the individual's property.(b)  Except as otherwise provided by the company's bylaws, a director serves for a term of one year or until the director's successor qualifies for office.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.053 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 912 - County Mutual Insurance Companies|Subchapter B. Organization of County Mutual Insurance Company; Directors|Section 912.053. General Powers of Board of Directors

Sec. 912.053.  GENERAL POWERS OF BOARD OF DIRECTORS.  The board of directors of a county mutual insurance company has the powers provided by the company's charter.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.054 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 912 - County Mutual Insurance Companies|Subchapter B. Organization of County Mutual Insurance Company; Directors|Section 912.054. Authority to Borrow Money

Sec. 912.054.  AUTHORITY TO BORROW MONEY.  (a)  The board of directors of a county mutual insurance company may borrow money in an amount determined to be necessary to pay the company's accrued or unaccrued losses.(b)  The board may pledge as security for a loan the assets of the company, including the contingent liability of its policyholders.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.055 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 912 - County Mutual Insurance Companies|Subchapter B. Organization of County Mutual Insurance Company; Directors|Section 912.055. Charter and Articles of Incorporation

Sec. 912.055.  CHARTER AND ARTICLES OF INCORPORATION.  The charter and articles of incorporation of a county mutual insurance company must state:(1)  the name of the company, which must include the words "County Mutual Insurance Company";(2)  the location of the principal office of the company;  and(3)  the number of the directors, which must be at least five.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.057 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 912 - County Mutual Insurance Companies|Subchapter B. Organization of County Mutual Insurance Company; Directors|Section 912.057. Policyholder Meetings

Sec. 912.057.  POLICYHOLDER MEETINGS.  (a)  A county mutual insurance company shall hold a policyholder meeting to elect directors and transact business at the time and place and in the manner prescribed by the company's bylaws.(b)  A special meeting of a company's policyholders may be called by:(1)  the president, the general manager, or one-third of the company's directors;  or(2)  the commissioner.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.058 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 912 - County Mutual Insurance Companies|Subchapter B. Organization of County Mutual Insurance Company; Directors|Section 912.058. Voting by Policyholders

Sec. 912.058.  VOTING BY POLICYHOLDERS.  (a)  Each policyholder of a county mutual insurance company is entitled to only one vote at a policyholders' meeting.(b)  A policyholder may not vote by proxy unless the company's bylaws specifically authorize voting in that manner.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.059 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 912 - County Mutual Insurance Companies|Subchapter B. Organization of County Mutual Insurance Company; Directors|Section 912.059. Amendment to Bylaws

Sec. 912.059.  AMENDMENT TO BYLAWS.  (a)  A majority of the members of a county mutual insurance company, either in person or by proxy when ratified by the board of directors, may amend the company's bylaws at a regular meeting or at a special meeting called for that purpose.(b)  Notice of a regular or special meeting at which an amendment to the bylaws will be considered must be mailed or delivered personally to each member.(c)  An amendment to the bylaws is not effective until approved by the commissioner as meeting the requirements of this chapter.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.060 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 912 - County Mutual Insurance Companies|Subchapter B. Organization of County Mutual Insurance Company; Directors|Section 912.060. Authority to Prohibit Waiver of Bylaws

Sec. 912.060.  AUTHORITY TO PROHIBIT WAIVER OF BYLAWS.  A county mutual insurance company may provide in its bylaws that a local chapter or an officer or agent elected by the local chapter may not waive a provision of the bylaws.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.061 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 912 - County Mutual Insurance Companies|Subchapter B. Organization of County Mutual Insurance Company; Directors|Section 912.061. Application for Extension of Charter; Term

Sec. 912.061.  APPLICATION FOR EXTENSION OF CHARTER;  TERM.  (a)  Before a county mutual insurance company's charter or extension of the charter expires, the company may apply to the department for an extension of the charter for a term of 50 years from the date the charter would otherwise expire.(b)  The application for an extension must:(1)  demonstrate that the application was authorized either by a two-thirds vote of the company's directors or by a majority vote at a policyholders' meeting;(2)  state in full the charter to be extended;(3)  state the period for which the charter is to be extended;(4)  be signed and acknowledged by the president and secretary of the company;  and(5)  be accompanied by a fee of $50.(c)  A company whose charter is extended retains the rights, privileges, and immunities granted a county mutual insurance company by this chapter.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.101 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 912 - County Mutual Insurance Companies|Subchapter C. Authority to Engage in Business in This State|Section 912.101. Operation Under Certificate of Authority

Sec. 912.101.  OPERATION UNDER CERTIFICATE OF AUTHORITY.  A county mutual insurance company engages in the business of insurance under a certificate of authority issued by the department.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.102 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 912 - County Mutual Insurance Companies|Subchapter C. Authority to Engage in Business in This State|Section 912.102. Authority to Engage in Business

Sec. 912.102.  AUTHORITY TO ENGAGE IN BUSINESS.  A county mutual insurance company may engage in the business of insurance in accordance with this chapter and other applicable laws only if:(1)  the company was formed before September 6, 1955, and was actively engaged in the business of insurance on that date;  or(2)  the company was formed under a permit to solicit insurance issued before September 6, 1955.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.151 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 912 - County Mutual Insurance Companies|Subchapter D. Policies and Coverage|Section 912.151. Kinds of Insurance Authorized

Sec. 912.151.  KINDS OF INSURANCE AUTHORIZED.  (a)  A county mutual insurance company that qualifies to write casualty lines for statewide operation may write all lines of automobile insurance.  The company may not assume a risk on any one hazard that is greater than five percent of its assets, unless the company promptly reinsures the excess amount of risk.(b)  A county mutual insurance company may insure property against loss or damage by:(1)  fire, lightning, gas explosion, theft, windstorm, and hail or for any combination of these hazards;  or(2)  any other hazard against which any other fire or windstorm insurance company operating in this state may write insurance on property described by Subsection (c).(c)  Unless restricted by its charter, the company may write insurance against the hazards described by Subsection (b) on:(1)  a rural or urban dwelling and attendant outhouses and yard buildings;(2)  the contents, for home and personal use, of a rural or urban dwelling, an attendant outhouse, or a yard building, including a family vehicle, musical instrument, and library;(3)  a barn or other farm, dairy, truck garden, hennery, or ranch building and any other improvement;(4)  a vehicle, harness, implement, tool, or machinery of any description used on and about a farm, truck garden, dairy, hennery, or ranch;(5)  fruit and products, other than growing crops, and any fowl, livestock, or domestic animals that are produced, raised, grown, kept, or used on a farm, truck garden, dairy, hennery, or ranch;(6)  a church house, country school house, country lodge room, or country recreation hall, other than a road house or public dance hall;  and(7)  the contents of a church house, country school house, country lodge room, or country recreation hall.(d)  An insurance policy written by a county mutual insurance company against loss or damage by windstorm 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).(e)  The county mutual insurance company may impose appropriate limits of coverage and deductibles for coverage described by Subsection (d).|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. 5, eff. September 1, 2005.|
TX Ins Code § 912.152 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 912 - County Mutual Insurance Companies|Subchapter D. Policies and Coverage|Section 912.152. Policy Forms

Sec. 912.152.  POLICY FORMS.  (a)  A county mutual insurance company is subject to:(1)  Sections 1952.051-1952.055;(2)  Subchapter H, Chapter 1952;(3)  Subchapter B, Chapter 2002;(4)  Chapter 2301; and(5)  Articles 5.06 and 5.35.(b)  County mutual insurance companies shall file policy forms under Subchapter B, Chapter 2301, or continue to use the standard policy forms and endorsements promulgated under former Articles 5.06 and 5.35 on notification to the commissioner in writing in the manner prescribed by those articles that those forms will continue to be used.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.  Amended by Acts 2003, 78th Leg., ch. 206, Sec. 21.41, eff. June 11, 2003.Amended by: Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.110, eff. April 1, 2009.Acts 2019, 86th Leg., R.S., Ch. 455 (H.B. 259), Sec. 2, eff. September 1, 2019.|
TX Ins Code § 912.153 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 912 - County Mutual Insurance Companies|Subchapter D. Policies and Coverage|Section 912.153. Contract Terms: Incorporation of Bylaws

Sec. 912.153.  CONTRACT TERMS:  INCORPORATION OF BYLAWS.  (a)  A county 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 § 912.154 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 912 - County Mutual Insurance Companies|Subchapter D. Policies and Coverage|Section 912.154. Amount of Insurance Under Multiple Hazards Policy

Sec. 912.154.  AMOUNT OF INSURANCE UNDER MULTIPLE HAZARDS POLICY.  The amount of risk or insurance coverage in a policy that insures a risk against more than one hazard is the maximum loss the county mutual insurance company may sustain under the policy at any one time, regardless of the number of hazards against which the company insures.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.155 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 912 - County Mutual Insurance Companies|Subchapter D. Policies and Coverage|Section 912.155. Repair or Replacement of Insured Property

Sec. 912.155.  REPAIR OR REPLACEMENT OF INSURED PROPERTY.  (a)  The county mutual insurance 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.(b)  This section does not apply to a company that meets the requirements of Section 912.308(a)(3), but such a company is subject to Sections 883.154, 883.155, and 883.156.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.156 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 912 - County Mutual Insurance Companies|Subchapter D. Policies and Coverage|Section 912.156. Contesting Claim for Certain Purposes Prohibited

Sec. 912.156.  CONTESTING CLAIM FOR CERTAIN PURPOSES PROHIBITED.  (a)  In this section, "full payment" means payment of the full amount of a loss actually sustained on the occurrence of the contingency against which the insurance coverage is obtained, not to exceed the maximum amount stated in the policy.(b)  A county mutual insurance company may not contest a claim:(1)  only for delay or a captious or inconsequential reason;  or(2)  to force a settlement for less than full payment.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.157 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle F - Farm and County Mutual Insurance Companies|Chapter 912 - County Mutual Insurance Companies|Subchapter D. Policies and Coverage|Section 912.157. Denial of Claim: Notice Required

Sec. 912.157.  DENIAL OF CLAIM:  NOTICE REQUIRED.  (a)  A county mutual insurance company shall notify a claimant of the company's intent to deny liability on a claim not later than the 60th day after the date the company receives due proofs that the claim will not be paid.(b)  A company that does not notify a claimant as required by Subsection (a) is presumed as a matter of law to have accepted liability on the claim.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|