Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 981.072 - Designation As Domestic Surplus Lines Insurer(a) A property and casualty insurance company organized under Chapter 822 that has capital and surplus in an amount described by Section 981.057 may apply to the department in a form and manner prescribed by the commissioner for designation as a domestic surplus lines insurer.(b) On approval of an application under Subsection (a), the commissioner shall designate an applicant as a domestic surplus lines insurer and issue to the applicant a domestic surplus lines insurer certificate.(c) Notwithstanding Section 822.101, a domestic surplus lines insurer is not entitled to a certificate of authority to engage in the business of insurance in this state in the admitted market.Added by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 854,Sec. 5, eff. 1/1/2018.