Tex. Ins. Code § 2054.003

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 2054.003 - Operation As Domestic Mutual Insurance Company

(a) The company operates as a domestic mutual insurance company under Chapter 883. The company is subject to that chapter, but is not subject to Chapter 826.

(b) The company:

(1) has the legal rights of a mutual insurance company operating under Chapter 883 and of an individual in this state; and

(2) may bring a suit in the company's own name without any procedural prerequisites to the exercise of that power.

(c) The company is not a state agency or executive agency or a governmental entity for any purpose.

Tex. Ins. Code § 2054.003

Amended By Acts 2007, 80th Leg., R.S., Ch. 23, Sec. 1, eff. 5/4/2007.

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. 4/1/2007.