reglab/housing_qa huggingface dataset:
TX Ins Code § 912.201 (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 E. Charges, Premiums, and Assessments|Section 912.201. Schedule of Charges

Sec. 912.201.  SCHEDULE OF CHARGES.  A county mutual insurance company shall file with the department a schedule of the amounts the company charges a policyholder or an applicant for a policy, regardless of the term the company uses to refer to those charges, including "rate," "policy fee," "inspection fee," "membership fee," or "initial charge."  A county mutual insurance company shall file premium, expense, and loss experience data with the department in the manner prescribed by the commissioner.  An insurer shall file the schedules and data required under this section according to rules promulgated by the commissioner.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.  Amended by Acts 2003, 78th Leg., ch. 206, Sec. 21.42, eff. June 11, 2003.|
TX Ins Code § 912.202 (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 E. Charges, Premiums, and Assessments|Section 912.202. Payment of Premium or Assessment

Sec. 912.202.  PAYMENT OF PREMIUM OR ASSESSMENT.  (a)  A county 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 $2 for each $100 of insurance coverage;  and(3)  state the time and manner of payment of a policyholder's contingent liability established under Subdivision (2).(b)  As required by its bylaws, a county mutual insurance company shall establish and levy premiums and assessments, including the contingent liability of a policyholder, for all insurance written by the company.(c)  A policyholder shall pay premiums and assessments as required by the company's bylaws.(d)  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.(e)  Subsection (a) 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 § 912.203 (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 E. Charges, Premiums, and Assessments|Section 912.203. Nonpayment of Premium or Assessment: Filing of Action

Sec. 912.203.  NONPAYMENT OF PREMIUM OR ASSESSMENT:  FILING OF ACTION.  (a)  A county mutual insurance company may bring an action in the home county of the company against a policyholder who defaults on the payment of an assessment or premium.(b)  The company is entitled to judgment against the policyholder for:(1)  delinquent premiums or assessments;(2)  foreclosure of the lien described by Section 912.202;  and(3)  the costs of an action, including a reasonable attorney's fee in the amount of at least $5.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.204 (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 E. Charges, Premiums, and Assessments|Section 912.204. Policyholder Liability

Sec. 912.204.  POLICYHOLDER LIABILITY.  A policyholder is liable for the losses of a county mutual insurance company only as provided by Section 912.202 and the company's 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 § 912.251 (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 F. Agents|Section 912.251. Licensing and Appointment of Agents

Sec. 912.251.  LICENSING AND APPOINTMENT OF AGENTS.  An agent for a county mutual insurance company must be licensed and appointed as provided by Title 13.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.  Amended by Acts 2003, 78th Leg., ch. 1276, Sec. 10A.224(a), eff. Sept. 1, 2003.Amended by: Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.111, eff. April 1, 2009.|
TX Ins Code § 912.301 (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 G. Regulation of County Mutual Insurance Company; Financial Requirements|Section 912.301. Report Regarding Condition of Company

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, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.302 (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 G. Regulation of County Mutual Insurance Company; Financial Requirements|Section 912.302. Annual Statement Fee

Sec. 912.302.  ANNUAL STATEMENT FEE.  The department shall charge and the comptroller shall collect a fee of $20 for the filing of an annual statement by a county mutual insurance company.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.303 (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 G. Regulation of County Mutual Insurance Company; Financial Requirements|Section 912.303. Books and Records

Sec. 912.303.  BOOKS AND RECORDS.  (a)  A county mutual insurance company shall maintain the company's books and records in a form and manner that accurately reflects the condition of the company or the facts essential to the company's faithful and effective operation.(b)  The company shall use forms or systems that most effectively serve the purposes of this section.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.304 (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 G. Regulation of County Mutual Insurance Company; Financial Requirements|Section 912.304. Reinsurance

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 cooperative plan subject to the following conditions:(1)  the county mutual insurance company may assume the reinsurance on the risks of the other company only if the other company reinsures the risks of the county mutual insurance company;  and(2)  the county mutual insurance 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 county 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 county mutual insurance company does not become a member or partner of the other company as a result of the reinsurance.(d)  A county 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 § 912.305 (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 G. Regulation of County Mutual Insurance Company; Financial Requirements|Section 912.305. Security Deposit

Sec. 912.305.  SECURITY DEPOSIT.  (a)  A county mutual insurance company shall maintain with the comptroller through the department a deposit in cash or, subject to the commissioner's approval, convertible securities.  The deposit must be equal to:(1)  the largest amount assumed by the company on any one risk;  or(2)  on a demonstration of reinsurance acceptable to the commissioner, the largest amount retained by the company on any one risk after reinsurance. (b)  The deposit is liable for the payment of all judgments against the company and is subject to garnishment after final judgment against the company.  The company, on the commissioner's demand, must immediately replenish the deposit when the deposit is impounded or depleted.  If the company does not immediately replenish the deposit, the company may be regarded as insolvent.(c)  If a county mutual insurance company makes a statement, including a statement contained in an advertisement, letter, or literature, that the company deposited cash or securities as required by this section, the company must also state in full:(1)  the purpose, exact amount, and character of the deposit;  and(2)  the conditions under which the deposit was made.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.306 (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 G. Regulation of County Mutual Insurance Company; Financial Requirements|Section 912.306. Required Bonds

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 business in this state;(2)  be made payable to the department for the use and benefit of the company's members;  and(3)  obligate the principal and surety to pay pecuniary losses that the company sustains through an act of fraud, dishonesty, forgery, theft, embezzlement, wrongful abstraction, or wilful misapplication, regardless of whether the act is committed by the officer or employee directly and alone, or in cooperation with another person.(c)  A bond under this section must:(1)  be in an amount that is at least the greater of $1,000 or the amount of cash assets on hand, but not more than $20,000, if the bond covers the officer;  or(2)  be in an amount established by the department that is at least $1,000 but not more than $5,000, if the bond covers office employees.(d)  One or more persons may recover on a bond under this section until the bond is exhausted.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.307 (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 G. Regulation of County Mutual Insurance Company; Financial Requirements|Section 912.307. Reserve Requirements

Sec. 912.307.  RESERVE REQUIREMENTS.  (a)  A county mutual insurance company shall maintain unearned premium reserves as provided by Section 862.102.(b)  The company shall invest the unearned premium reserves and any other type of reserves authorized by the company's board of directors in the same type of securities in which the reserve funds of insurance companies engaged in the same kind of business are required to be invested by law.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.308 (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 G. Regulation of County Mutual Insurance Company; Financial Requirements|Section 912.308. Amount and Investment of Surplus

Sec. 912.308.  AMOUNT AND INVESTMENT OF SURPLUS.  (a)  A county mutual insurance company shall maintain an unencumbered surplus which may be invested only in items listed in Section 822.204.  The unencumbered surplus must be at least:(1)  $25,000, if the company is organized to write insurance coverage locally in only the county of its domicile;(2)  $50,000, if the company is organized to write insurance coverage in only the county of its domicile and any adjacent county;  or(3)  an amount equal to the aggregate of the minimum capital and minimum surplus required under Sections 822.054, 822.202, 822.210, and 822.211, for a fire insurance company if the county mutual insurance company is organized to write insurance coverage statewide.(b)  Except as provided by Section 912.056, a county mutual insurance company is subject to Subchapter B, Chapter 404, and Sections 822.203, 822.210, and 822.212.|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.112, eff. April 1, 2009.Acts 2009, 81st Leg., R.S., Ch. 677 (H.B. 2449), Sec. 2, eff. September 1, 2009.|
TX Ins Code § 912.309 (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 G. Regulation of County Mutual Insurance Company; Financial Requirements|Section 912.309. Policyholder Loans to Company

Sec. 912.309.  POLICYHOLDER LOANS TO COMPANY.  (a)  A policyholder may loan to a county mutual insurance company money as necessary:(1)  for the company to engage in the company's business;  or(2)  to enable the company to comply with a requirement of this chapter, including the unencumbered surplus requirement under Section 912.308.(b)  Subject to the approval of the commissioner, the county mutual insurance company may repay a loan and agreed interest, at an annual rate not to exceed 10 percent, only from the surplus remaining after the company provides for the company's reserves, other liabilities, and required surplus. (c)  A loan under this section or interest on a loan is not otherwise a liability or claim against the company or any of its assets.(d)  A county mutual insurance company may not pay a commission, promotion expense, or other bonus in connection with a loan made to the company.(e)  A county mutual insurance company shall report in its annual statement the amount of each loan made to the company.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.310 (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 G. Regulation of County Mutual Insurance Company; Financial Requirements|Section 912.310. Certain Companies Exempt

Sec. 912.310.  CERTAIN COMPANIES EXEMPT.  (a)  Chapter 196, Acts of the 53rd Legislature, Regular Session, 1953, and Chapter 117, Acts of the 54th Legislature, Regular Session, 1955, do not apply to a county mutual insurance company:(1)  that was organized and operating as a county mutual fire insurance company on May 22, 1953;  and(2)  the business of which is devoted exclusively to the writing of industrial fire insurance policies covering dwellings, household goods and wearing apparel on a weekly, monthly, or quarterly basis on a continuous premium payment plan.(b)  The exemption established by this section applies only so long as the company is engaged exclusively in the writing of industrial fire insurance policies described by Subsection (a).|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.701 (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 O. General Financial Regulation|Section 912.701. Hazardous Financial Condition, Supervision, Conservatorship, and Liquidation

Sec. 912.701.  HAZARDOUS FINANCIAL CONDITION, SUPERVISION, CONSERVATORSHIP, AND LIQUIDATION.  Subchapter A, Chapter 404, and Chapters 441 and 443 apply to a county mutual insurance company engaged in the business of insurance in this state.|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.113, eff. April 1, 2009.|
TX Ins Code § 912.751 (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 P. Disciplinary Action and Procedures in General|Section 912.751. Officer or Director Unworthy of Trust: Removal and Revocation of Certificate of Authority

Sec. 912.751.  OFFICER OR DIRECTOR UNWORTHY OF TRUST:  REMOVAL AND REVOCATION OF CERTIFICATE OF AUTHORITY.  (a)  After notice and hearing, the commissioner shall order the removal of an officer or director of a county mutual insurance company holding a certificate of authority if the officer or director is found unworthy of the trust or confidence of the public.(b)  If a county mutual insurance company does not remove an officer or director as required by an order issued under Subsection (a), the commissioner shall:(1)  revoke the company's certificate of authority;  and(2)  treat the company as insolvent.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.752 (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 P. Disciplinary Action and Procedures in General|Section 912.752. Fraudulent Operation or Improper Contests: Revocation of Certificate of Authority

Sec. 912.752.  FRAUDULENT OPERATION OR IMPROPER CONTESTS:  REVOCATION OF CERTIFICATE OF AUTHORITY.  After notice and hearing, the commissioner shall revoke the certificate of authority of a county mutual insurance company that is:(1)  operating fraudulently;  or(2)  improperly contesting the company's claims.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.753 (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 P. Disciplinary Action and Procedures in General|Section 912.753. Time Limit to Appeal

Sec. 912.753.  TIME LIMIT TO APPEAL.  An individual or a county mutual insurance company may appeal an order or a ruling of the commissioner under this chapter not later than the 60th day after the date of the order or ruling, in accordance with Subchapter D, Chapter 36.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.801 (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 Q. General Criminal Penalties|Section 912.801. Violation of Chapter; Criminal Penalty

Sec. 912.801.  VIOLATION OF CHAPTER;  CRIMINAL PENALTY.  (a)  Except as otherwise provided by this subchapter, a person, including a director, officer, agent, employee, attorney at law, or attorney in fact of a county mutual insurance company, commits an offense if the person violates this chapter.(b)  An offense under this section is punishable by:(1)  a fine of not more than $500;(2)  confinement in jail for a term of not more than 180 days;  or(3)  both a fine and confinement as provided by Subdivisions (1) and (2).|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 912.802 (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 Q. General Criminal Penalties|Section 912.802. Conversion; Criminal Penalty

Sec. 912.802.  CONVERSION;  CRIMINAL PENALTY.  (a)  A director, officer, agent, employee, attorney at law, or attorney in fact of a county mutual insurance company commits an offense if the person fraudulently takes or converts to the person's own use or secretes with the intent to take or convert to the person's own use, and with knowledge that the person is not entitled to receive it, any property or other thing of value of the company that is in the person's custody, control, or possession as a result of the person's office, directorship, agency, or employment or in any other manner.(b)  A director, officer, agent, employee, attorney at law, or attorney in fact of a county mutual insurance company commits an offense if the person pays or delivers property or another thing of value described by Subsection (a) to another person knowing that the person is not entitled to receive it.(c)  An offense under this section is punishable by imprisonment in the Texas Department of Criminal Justice for a term of not more than 10 years or less than 2 years.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.Amended by: Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 25.126, eff. September 1, 2009.|
TX Ins Code § 912.803 (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 Q. General Criminal Penalties|Section 912.803. Unlawful Diversion of Funds; Criminal Penalty

Sec. 912.803.  UNLAWFUL DIVERSION OF FUNDS;  CRIMINAL PENALTY.  (a)  A director, officer, agent, employee, attorney at law, or attorney in fact of a county mutual insurance company commits an offense if the person wilfully borrows, withholds, or diverts from its purpose in any manner all or part of a special fund that:(1)  belongs to or is under the control and management of the company;  and(2)  is designated by law for that purpose.(b)  An offense under this section is punishable by imprisonment in the Texas Department of Criminal Justice for a term of not more than 10 years or less than 2 years.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.Amended by: Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 25.127, eff. September 1, 2009.|