Texas Statutes
§ 942.002 — SUBSCRIBER INSURANCE COVERAGE THROUGH EXCHANGE AUTHORIZED; LIFE INSURANCE PROHIBITED.
Texas § 942.002
JurisdictionTexas
Code INInsurance Code
This text of Texas § 942.002 (SUBSCRIBER INSURANCE COVERAGE THROUGH EXCHANGE AUTHORIZED; LIFE INSURANCE PROHIBITED.) 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. § 942.002 (2026).
Text
Sec. 942.002. SUBSCRIBER INSURANCE COVERAGE THROUGH EXCHANGE AUTHORIZED; LIFE INSURANCE PROHIBITED.
(a)Except as provided by Subsection (c), subscribers of this state may exchange reciprocal or interinsurance contracts with other subscribers of this state or of another state or country to provide indemnity among those subscribers for a loss for which insurance coverage may be obtained under other law.
(b)A public, private, or municipal corporation organized under the laws of this state may act as a subscriber, and the right to exchange a reciprocal or interinsurance contract is:
(1)incidental to the purpose for which the corporation is organized; and
(2)in addition to the corporate rights and powers expressly conferred in the corporation's articles of incorporation.
(c)An exchange may
Free access — add to your briefcase to read the full text and ask questions with AI
Related
True v. Robles
571 F.3d 412 (Fifth Circuit, 2009)
Legislative History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Nearby Sections
15
§ 942.001
DEFINITIONS.§ 942.052
SECURITY REQUIREMENTS.§ 942.053
SUBSCRIBER DECLARATION.§ 942.054
NAME OF EXCHANGE.§ 942.055
OFFICE LOCATIONS.§ 942.153
PRIOR AUTHORITY NOT AFFECTED.§ 942.155
FINANCIAL REQUIREMENTS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 942.002, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/942.002.