Tex. Ins. Code § 942.152
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
If the unencumbered surplus of an exchange is at least equal to the minimum capital stock and minimum surplus required of a stock insurance company engaged in the same kinds of business, the subscribers of the exchange may provide by agreement that the premium or premium deposit specified in the reciprocal or interinsurance contract constitutes the entire liability of the subscribers through the exchange.
Tex. Ins. Code § 942.152