Tex. Ins. Code § 981.102

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

Section 981.102 - Limit on Use of Surplus Lines Policy or Contract Forms

A surplus lines insurance policy or contract form may not be used unless use of the form is:

(1) reasonably necessary for the principal purposes of the insurance coverage; or

(2) not contrary to the purposes of this chapter regarding the reasonable protection of authorized insurers from unwarranted competition by unauthorized insurers.

Tex. Ins. Code § 981.102

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