Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 884.002 - Applicability Of Other Law To Company(a) Except as expressly provided by this code, a provision of this code, other than this chapter, does not apply to a stipulated premium company organized under this chapter.(b) A law enacted after August 28, 1961, does not apply to a stipulated premium company unless stipulated premium companies are expressly designated in the law.(c) The following provisions of this code apply to a stipulated premium company: (4) Subchapter A, Chapter 401; (5) Sections 401.051, 401.052, 401.054-401.062, 401.151, 401.152, 401.155, and 401.156; (6) Sections 403.001, 403.052, and 403.102; (7) Subchapter A, Chapter 404; (9) Subchapter D, Chapter 425; (11) Chapter 493 , other than Section 493.051(b) ; (13) Sections 801.001-801.002; (14) Sections 801.051-801.055; (16) Sections 801.101-801.102; (17) Subchapter A, Chapter 821; (23) Section 841.703; and (d) The Securities Act (Title 12, Government Code) applies to a stipulated premium company. (e) The Texas Business Corporation Act applies to a stipulated premium company to the extent that law is not inconsistent with an insurance law applicable to a stipulated premium company. The department shall perform a duty imposed by the Texas Business Corporation Act on the office of the secretary of state that is applicable to a stipulated premium company.Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. TBD,Sec. 2.34, eff. 1/1/2022.Amended by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 594,Sec. 3.10, eff. 9/1/2017.Amended By Acts 2007, 80th Leg., R.S., Ch. 730, Sec. 2E.076, eff. 4/1/2009.Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.