reglab/housing_qa huggingface dataset:
TX Ins Code § 942.101 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle G - Lloyd's Plan and Reciprocal and Interinsurance Exchanges|Chapter 942 - Reciprocal and Interinsurance Exchanges|Subchapter C. Authority to Engage in Business|Section 942.101. Certificate of Authority Required; Effect on Foreign Corporations

Sec. 942.101.  CERTIFICATE OF AUTHORITY REQUIRED;  EFFECT ON FOREIGN CORPORATIONS.  (a)  An attorney in fact must hold a certificate of authority issued by the department under Sections 801.001, 801.002, 801.051-801.055, 801.057, 801.101, and 801.102.  A certificate of authority obtained in accordance with this section authorizes the attorney in fact named in the certificate to exercise all powers and perform all duties of an attorney in fact.(b)  A corporation required to obtain a certificate of authority from the department under this section is not considered to be engaging in business in this state within the meaning of any law applying to foreign corporations.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 942.151 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle G - Lloyd's Plan and Reciprocal and Interinsurance Exchanges|Chapter 942 - Reciprocal and Interinsurance Exchanges|Subchapter D. Operation, Powers, and Duties of Exchange|Section 942.151. Subscriber Liability for Certain Contingent Premiums

Sec. 942.151.  SUBSCRIBER LIABILITY FOR CERTAIN CONTINGENT PREMIUMS.  (a)  Except as provided by Section 942.152 and Subsection (b), if a certificate of authority is issued as provided by Subchapter C, the power of attorney or other authorization executed by the subscribers must provide that, in addition to the premium or premium deposit specified in the reciprocal or interinsurance contract, the subscribers are liable for a contingent premium equal to one additional annual premium or premium deposit. (b)  If the subscribers and their attorney in fact are authorized to issue reciprocal or interinsurance contracts for cash premiums only, the power of attorney or other authorization may waive all contingent premiums.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 942.152 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle G - Lloyd's Plan and Reciprocal and Interinsurance Exchanges|Chapter 942 - Reciprocal and Interinsurance Exchanges|Subchapter D. Operation, Powers, and Duties of Exchange|Section 942.152. Subscriber Limited Liability Based on Certain Minimum Capital and Surplus

Sec. 942.152.  SUBSCRIBER LIMITED LIABILITY BASED ON CERTAIN MINIMUM CAPITAL AND SURPLUS.  If the unencumbered surplus of an exchange is at least equal to the minimum capital stock and minimum surplus required of a stock insurance company engaged in the same kinds of business, the subscribers of the exchange may provide by agreement that the premium or premium deposit specified in the reciprocal or interinsurance contract constitutes the entire liability of the subscribers through the exchange.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 942.153 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle G - Lloyd's Plan and Reciprocal and Interinsurance Exchanges|Chapter 942 - Reciprocal and Interinsurance Exchanges|Subchapter D. Operation, Powers, and Duties of Exchange|Section 942.153. Prior Authority Not Affected

Sec. 942.153.  PRIOR AUTHORITY NOT AFFECTED.  This chapter does not affect any authority that existed before September 6, 1955, that allowed the subscribers of an exchange and their attorney in fact to write non-assessable policies in this state, subject to any prerequisite imposed by law on that authority.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 942.154 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle G - Lloyd's Plan and Reciprocal and Interinsurance Exchanges|Chapter 942 - Reciprocal and Interinsurance Exchanges|Subchapter D. Operation, Powers, and Duties of Exchange|Section 942.154. Statements Relating to Indemnity Amounts

Sec. 942.154.  STATEMENTS RELATING TO INDEMNITY AMOUNTS.  (a)  The attorney in fact for an exchange shall file with the department a sworn statement that shows the maximum amount of indemnity on any single risk.(b)  The attorney in fact for an exchange shall, as required by the department, file with the department a sworn statement that:(1)  the attorney has examined the commercial rating of each subscriber, as established by the reference book of a commercial agency with at least 100,000 subscribers;  and(2)  based on the examination or other information in the attorney's possession, it appears that no subscriber has assumed on any single risk an amount greater than 10 percent of that subscriber's net worth.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 942.155 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle G - Lloyd's Plan and Reciprocal and Interinsurance Exchanges|Chapter 942 - Reciprocal and Interinsurance Exchanges|Subchapter D. Operation, Powers, and Duties of Exchange|Section 942.155. Financial Requirements

Sec. 942.155.  FINANCIAL REQUIREMENTS.  (a)  An exchange shall maintain at all times an unencumbered surplus over and above all liabilities that is at least equal to the minimum capital stock and surplus required of a stock insurance company engaged in the same kinds of business.(b)  An exchange shall maintain at all times the reserves required by the laws of this state or by rules adopted by the commissioner to be maintained by stock insurance companies engaged in the same kinds of business.(c)  An exchange shall maintain the required assets as to:(1)  minimum surplus requirements, as provided by Section 822.204; and(2)  other funds, as provided by the provisions of Subchapter B, Chapter 424, other than Sections 424.052, 424.072, and 424.073.|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.120, eff. April 1, 2009.|
TX Ins Code § 942.156 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle G - Lloyd's Plan and Reciprocal and Interinsurance Exchanges|Chapter 942 - Reciprocal and Interinsurance Exchanges|Subchapter D. Operation, Powers, and Duties of Exchange|Section 942.156. Issuance of Fidelity and Surety Bond Insurance; Deposit Required

Sec. 942.156.  ISSUANCE OF FIDELITY AND SURETY BOND INSURANCE; DEPOSIT REQUIRED.  (a)  If a domestic exchange writes fidelity or surety bond insurance in this state, the exchange shall keep on deposit with the comptroller money, bonds, or other securities in an amount of not less than $50,000.  The department shall approve for the deposit securities described by the provisions of Subchapter B, Chapter 424, other than Sections 424.052, 424.072, and 424.073, and the exchange shall maintain the approved securities intact at all times.(b)  A foreign exchange that writes fidelity or surety bond insurance in this state shall file with the department evidence satisfactory to the department that the exchange has, for the protection of its subscribers, at least $100,000 in money, bonds, or other securities as described by the provisions of Subchapter B, Chapter 424, other than Sections 424.052, 424.072, and 424.073, on deposit with the comptroller or other appropriate official of its state of domicile or in escrow under that official's supervision and control in a reliable bank or trust company.  If those bonds or other securities are not acceptable to and approved by the department, the department may deny the attorney in fact for the exchange a certificate of authority.|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.121, eff. April 1, 2009.|
TX Ins Code § 942.157 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle G - Lloyd's Plan and Reciprocal and Interinsurance Exchanges|Chapter 942 - Reciprocal and Interinsurance Exchanges|Subchapter D. Operation, Powers, and Duties of Exchange|Section 942.157. Transactions Between Certain Insurers and Affiliated Exchanges

Sec. 942.157.  TRANSACTIONS BETWEEN CERTAIN INSURERS AND AFFILIATED EXCHANGES.  (a)  In this section, "affiliate" has the meaning assigned by Section 823.003.(b)  An insurer subject to Article 5.26 may not directly or indirectly assume all or a substantial part of any risk covered by a reciprocal or interinsurance contract written by an exchange that is an affiliate of that insurer if the risk is written at a rate less than the rate that may be lawfully charged by the insurer or any affiliate of the insurer that is subject to Article 5.26.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 942.158 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle G - Lloyd's Plan and Reciprocal and Interinsurance Exchanges|Chapter 942 - Reciprocal and Interinsurance Exchanges|Subchapter D. Operation, Powers, and Duties of Exchange|Section 942.158. Advances of Money by Attorney in Fact

Sec. 942.158.  ADVANCES OF MONEY BY ATTORNEY IN FACT.  (a)  The attorney in fact for an exchange may advance to the exchange any amount of money necessary to conduct the business of the exchange, including any amount necessary to enable the exchange to comply with a legal requirement.(b)  Subject to the approval of the department, the advanced amount and any agreed interest on that amount, not exceeding 10 percent a year:(1)  is payable only from the surplus of the exchange remaining after providing for all reserves, other liabilities, and required surplus;  and(2)  may not otherwise be a liability or claim against the exchange or any of the exchange's assets.(c)  A commission, promotion expense, or other bonus may not be paid in connection with the advance of money to the exchange.(d)  The amount of each advance must be reported in the exchange's annual report.(e)  The department may not arbitrarily refuse approval under Subsection (b).|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 942.159 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle G - Lloyd's Plan and Reciprocal and Interinsurance Exchanges|Chapter 942 - Reciprocal and Interinsurance Exchanges|Subchapter D. Operation, Powers, and Duties of Exchange|Section 942.159. Violation by Attorney in Fact of Requirements Regarding Indemnity Contracts; Criminal Penalty

Sec. 942.159.  VIOLATION BY ATTORNEY IN FACT OF REQUIREMENTS REGARDING INDEMNITY CONTRACTS;  CRIMINAL PENALTY.  (a)  An attorney in fact commits an offense if the attorney in fact:(1)  exchanges a reciprocal or interinsurance contract without first complying with the law governing the contract;  or(2)  directly or indirectly solicits or negotiates an application for the contract without first complying with the law governing the contract.(b)  Subsection (a) does not apply to an action taken by an attorney in fact for the purpose of applying for a certificate of authority from the commissioner as provided by this chapter.(c)  An offense under this section is punishable by a fine of not less than $100 or more than $1,000.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 942.201 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle G - Lloyd's Plan and Reciprocal and Interinsurance Exchanges|Chapter 942 - Reciprocal and Interinsurance Exchanges|Subchapter E. Regulation of Exchanges|Section 942.201. Annual Report

Sec. 942.201.  ANNUAL REPORT.  (a)  Not later than March 1 of each year, the attorney in fact for an exchange shall submit to the commissioner a report covering the previous year ending December 31.(b)  The report must:(1)  demonstrate that the financial condition of affairs at the exchange is in accordance with the financial requirements of this chapter under Section 942.155;  and(2)  provide any additional information and reports as required to show:(A)  the total amount of premiums or deposits collected;(B)  the total amount of losses paid;(C)  the total amounts returned to subscribers;  and(D)  the amounts retained for expenses.(c)  The attorney in fact is not required to provide in the report the name and address of any subscriber.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 942.202 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle G - Lloyd's Plan and Reciprocal and Interinsurance Exchanges|Chapter 942 - Reciprocal and Interinsurance Exchanges|Subchapter E. Regulation of Exchanges|Section 942.202. Examination by Department

Sec. 942.202.  EXAMINATION BY DEPARTMENT.  The business affairs and assets of an exchange, as shown at the office of the attorney in fact, are subject to examination by the department.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 942.203 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle G - Lloyd's Plan and Reciprocal and Interinsurance Exchanges|Chapter 942 - Reciprocal and Interinsurance Exchanges|Subchapter E. Regulation of Exchanges|Section 942.203. Fees; Taxes; Filing Fee

Sec. 942.203.  FEES;  TAXES;  FILING FEE.  (a)  To the extent applicable, the schedule of fees established under Chapter 202 applies to an exchange and the exchange's attorney in fact.(b)  An exchange is subject to:(1)  Chapters 221 and 222; and(2)  Chapters 251-255.(c)  The comptroller shall collect the taxes and the filing fee for the annual report.|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.122, eff. April 1, 2009.|
TX Ins Code § 961.001 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle H - Other Entities|Chapter 961 - Nonprofit Legal Services Corporations|Subchapter A. General Provisions|Section 961.001. Definitions

Sec. 961.001.  DEFINITIONS.  In this chapter:(1)  "Applicant" means a person applying for a contract for legal services to be performed through a nonprofit legal services corporation.(2)  "Benefit certificate" means a document issued to a participant that states the benefits and other required matters under a group contract for legal services or an individual contract for legal services issued to a participant.(3)  "Contracting attorney" means an attorney who has entered into a contract under Section 961.301.(4)  "Nonprofit legal services corporation" means a corporation created for the sole purpose of establishing, maintaining, and operating a nonprofit legal services plan under which the corporation contracts for and obtains legal services for participants through contracting attorneys in consideration of each participant's payment of a definite amount to fund the payment of the contracting attorneys' fees.(5)  "Participant" means a person entitled to performance of legal services under contract with a nonprofit legal services corporation.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 961.002 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle H - Other Entities|Chapter 961 - Nonprofit Legal Services Corporations|Subchapter A. General Provisions|Section 961.002. Applicability of Other Laws

Sec. 961.002.  APPLICABILITY OF OTHER LAWS.    (a)  The Texas Nonprofit Corporation Law as described by Section 1.008, Business Organizations Code, applies to a nonprofit legal services corporation to the extent provided by this chapter.(b)  Repealed by Acts 2019, 86th Leg., R.S., Ch. 643 (S.B. 1623), Sec. 17(2), eff. September 1, 2019. |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.123, eff. April 1, 2009.Acts 2019, 86th Leg., R.S., Ch. 643 (S.B. 1623), Sec. 2, eff. September 1, 2019.Acts 2019, 86th Leg., R.S., Ch. 643 (S.B. 1623), Sec. 17(2), eff. September 1, 2019.|
TX Ins Code § 961.003 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle H - Other Entities|Chapter 961 - Nonprofit Legal Services Corporations|Subchapter A. General Provisions|Section 961.003. Corporation Not Subject to Department Regulation

Sec. 961.003.  CORPORATION NOT SUBJECT TO DEPARTMENT REGULATION.  A nonprofit legal services corporation is not subject to regulation by the department.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.Amended by: Acts 2019, 86th Leg., R.S., Ch. 643 (S.B. 1623), Sec. 3, eff. September 1, 2019.|
TX Ins Code § 961.004 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle H - Other Entities|Chapter 961 - Nonprofit Legal Services Corporations|Subchapter A. General Provisions|Section 961.004. Corporation Not Engaged in Business of Insurance

Sec. 961.004.  CORPORATION NOT ENGAGED IN BUSINESS OF INSURANCE.  A nonprofit legal services corporation is not engaged in the business of insurance and is not subject to laws relating to insurers.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.Amended by: Acts 2019, 86th Leg., R.S., Ch. 643 (S.B. 1623), Sec. 4, eff. September 1, 2019.|
TX Ins Code § 961.051 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle H - Other Entities|Chapter 961 - Nonprofit Legal Services Corporations|Subchapter B. Formation and Structure of Nonprofit Legal Services Corporations|Section 961.051. Filing of Certificate of Formation; Nonprofit Status Required

Sec. 961.051.  FILING OF CERTIFICATE OF FORMATION; NONPROFIT STATUS REQUIRED.  (a)  Seven or more persons may file with the secretary of state a certificate of formation in accordance with Title 1, Business Organizations Code, to form a nonprofit legal services corporation.(a-1)  Notwithstanding Subsection (a), a nonprofit legal services corporation that on or before September 1, 2019, was organized under the former Texas Non-Profit Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil Statutes) or was formed under the Texas Nonprofit Corporation Law, as described by Section 1.008, Business Organizations Code, is a nonprofit legal services corporation for purposes of this chapter.(b)  A nonprofit legal services corporation must be governed and operated as a nonprofit organization.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.Amended by: Acts 2019, 86th Leg., R.S., Ch. 643 (S.B. 1623), Sec. 5, eff. September 1, 2019.Acts 2019, 86th Leg., R.S., Ch. 643 (S.B. 1623), Sec. 6, eff. September 1, 2019.|
TX Ins Code § 961.152 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle H - Other Entities|Chapter 961 - Nonprofit Legal Services Corporations|Subchapter D. Officers|Section 961.152. Financial Officer

Sec. 961.152.  FINANCIAL OFFICER.   A nonprofit legal services corporation, by resolution entered in its minutes, shall designate one or more officers to be responsible for handling the corporation's funds. |Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.Amended by: Acts 2019, 86th Leg., R.S., Ch. 643 (S.B. 1623), Sec. 8, eff. September 1, 2019.|
TX Ins Code § 961.206 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle H - Other Entities|Chapter 961 - Nonprofit Legal Services Corporations|Subchapter E. Operation of Nonprofit Legal Services Corporations|Section 961.206. Advance to Corporation

Sec. 961.206.  ADVANCE TO CORPORATION.  Any person may advance to a nonprofit legal services corporation, on a contingent liability basis, money necessary for the purposes of the corporation's business or to comply with this chapter.  The advance may be made in an amount and at a rate of interest agreed to by the person and the corporation.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.Amended by: Acts 2019, 86th Leg., R.S., Ch. 643 (S.B. 1623), Sec. 10, eff. September 1, 2019.|
TX Ins Code § 961.207 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle H - Other Entities|Chapter 961 - Nonprofit Legal Services Corporations|Subchapter E. Operation of Nonprofit Legal Services Corporations|Section 961.207. Participation Agreements

Sec. 961.207.  PARTICIPATION AGREEMENTS.  A nonprofit legal services corporation may:(1)  contract with another nonprofit legal services corporation or an insurer authorized to engage in business in this state for joint participation through:(A)  a mutualization contract agreement; or(B)  a guaranty treaty; and(2)  cede or accept a legal services obligation from such a corporation or insurer on all or part of a legal services obligation.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.Amended by: Acts 2019, 86th Leg., R.S., Ch. 643 (S.B. 1623), Sec. 11, eff. September 1, 2019.|
TX Ins Code § 961.211 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle H - Other Entities|Chapter 961 - Nonprofit Legal Services Corporations|Subchapter E. Operation of Nonprofit Legal Services Corporations|Section 961.211. Books and Records

Sec. 961.211.  BOOKS AND RECORDS.  (a)  A nonprofit legal services corporation shall keep complete books and records of all money collected and disbursed.(b)  Repealed by Acts 2019, 86th Leg., R.S., Ch. 643 (S.B. 1623), Sec. 17(6), eff. September 1, 2019. |Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.Amended by: Acts 2019, 86th Leg., R.S., Ch. 643 (S.B. 1623), Sec. 17(6), eff. September 1, 2019.|
TX Ins Code § 961.251 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle H - Other Entities|Chapter 961 - Nonprofit Legal Services Corporations|Subchapter F. Benefits Provided by Nonprofit Legal Services Corporations|Section 961.251. Applicants; Benefit Certificate

Sec. 961.251.  APPLICANTS;  BENEFIT CERTIFICATE.  (a)  A nonprofit legal services corporation may accept applicants and shall issue a benefit certificate to each applicant that becomes a participant under a legal services contract.  Before issuance of the certificate, the applicant must pay the application fee, which does not apply as part of the cost of receiving benefits under the certificate.(b)  On issuance of the benefit certificate, the participant is entitled to the legal services stated in the certificate for the period provided by the certificate.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 961.253 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle H - Other Entities|Chapter 961 - Nonprofit Legal Services Corporations|Subchapter F. Benefits Provided by Nonprofit Legal Services Corporations|Section 961.253. Types of Legal Services Contracts

Sec. 961.253.  TYPES OF LEGAL SERVICES CONTRACTS.  A nonprofit legal services corporation may issue legal services contracts on an individual, group, or franchise basis.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|