Tex. Ins. Code § 964.106

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

Section 964.106 - Subscriber Declaration

A captive exchange shall file with the department a subscriber declaration that includes:

(1) the information described by Section 942.053;

(2) the amount of the captive exchange's initial surplus; and

(3) a provision to authorize a quorum of the governing body of the captive exchange's attorney in fact to consist of not fewer than one-third of the fixed number of members of the governing body.

Tex. Ins. Code § 964.106

Added by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 1050,Sec. 2.01, eff. 6/15/2017.