Texas § 942.053 SUBSCRIBER DECLARATION.

Texas Statutes

§ 942.053 — SUBSCRIBER DECLARATION.

Texas § 942.053

Code INInsurance Code

This text of Texas § 942.053 (SUBSCRIBER DECLARATION.) 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. § 942.053 (2026).

Text

Sec. 942.053. SUBSCRIBER DECLARATION.

(a)On entering into a reciprocal or interinsurance contract, the subscribers, through the attorney in fact, shall file with the department a declaration verified by the oath of the attorney in fact.

(b)The declaration must include:

(1)the name of the proposed exchange;

(2)the kinds of insurance to be provided under the reciprocal or interinsurance contract;

(3)a copy of the form of the power of attorney or other authorization of the attorney in fact under which the insurance is to be provided;

(4)the location of each office from which the reciprocal or interinsurance contracts are to be issued; and

(5)any other information prescribed by the department, including an affidavit comparable to the affidavit prescribed by Section 822.057 (a)(3).

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Sec. 942.053. SUBSCRIBER DECLARATION. (a) On entering into a reciprocal or interinsurance contract, the subscribers, through the attorney in fact, shall file with the department a declaration verified by the oath of the attorney in fact.
(b) The declaration must include:
(1) the name of the proposed exchange;
(2) the kinds of insurance to be provided under the reciprocal or interinsurance contract;
(3) a copy of the form of the power of attorney or other authorization of the attorney in fact under which the insurance is to be provided;
(4) the location of each office from which the reciprocal or interinsurance contracts are to be issued; and
(5) any other information prescribed by the department, including an affidavit comparable to the affidavit prescribed by Section 822.057 (a)(3).