Tex. Ins. Code § 942.053

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 942.053 - Subscriber Declaration
(a) On entering into a reciprocal or interinsurance contract, the subscribers, through the attorney in fact, shall file with the department a declaration verified by the oath of the attorney in fact.
(b) The declaration must include:
(1) the name of the proposed exchange;
(2) the kinds of insurance to be provided under the reciprocal or interinsurance contract;
(3) a copy of the form of the power of attorney or other authorization of the attorney in fact under which the insurance is to be provided;
(4) the location of each office from which the reciprocal or interinsurance contracts are to be issued; and
(5) any other information prescribed by the department, including an affidavit comparable to the affidavit prescribed by Section 822.057(a)(3).

Tex. Ins. Code § 942.053

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.