Texas § 2054.003 OPERATION AS DOMESTIC MUTUAL INSURANCE COMPANY.

Texas Statutes

§ 2054.003 — OPERATION AS DOMESTIC MUTUAL INSURANCE COMPANY.

Texas § 2054.003

Code INInsurance Code

This text of Texas § 2054.003 (OPERATION AS DOMESTIC MUTUAL INSURANCE COMPANY.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 2054.003 (2026).

Text

Sec. 2054.003. OPERATION AS DOMESTIC MUTUAL INSURANCE COMPANY.

(a)The company operates as a domestic mutual insurance company under Chapter 883 . The company is subject to that chapter, but is not subject to Chapter 826 .

(b)The company:

(1)has the legal rights of a mutual insurance company operating under Chapter 883 and of an individual in this state; and

(2)may bring a suit in the company's own name without any procedural prerequisites to the exercise of that power.

(c)The company is not a state agency or executive agency or a governmental entity for any purpose.

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Sec. 2054.003. OPERATION AS DOMESTIC MUTUAL INSURANCE COMPANY. (a) The company operates as a domestic mutual insurance company under Chapter 883 . The company is subject to that chapter, but is not subject to Chapter 826 .
(b) The company:
(1) has the legal rights of a mutual insurance company operating under Chapter 883 and of an individual in this state; and
(2) may bring a suit in the company's own name without any procedural prerequisites to the exercise of that power.
(c) The company is not a state agency or executive agency or a governmental entity for any purpose.

Legislative History

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007. Amended by: Acts 2007, 80th Leg., R.S., Ch. 23 (S.B. 192 ), Sec. 1, eff. May 4, 2007.