Texas § 964.106 SUBSCRIBER DECLARATION.

Texas Statutes

§ 964.106 — SUBSCRIBER DECLARATION.

Texas § 964.106

Code INInsurance Code

This text of Texas § 964.106 (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. § 964.106 (2026).

Text

Sec. 964.106. SUBSCRIBER DECLARATION. A captive exchange shall file with the department a subscriber declaration that includes:

(1)the information described by Section 942.053 ;

(2)the amount of the captive exchange's initial surplus; and

(3)a provision to authorize a quorum of the governing body of the captive exchange's attorney in fact to consist of not fewer than one-third of the fixed number of members of the governing body.

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Sec. 964.106. SUBSCRIBER DECLARATION. A captive exchange shall file with the department a subscriber declaration that includes:
(1) the information described by Section 942.053 ;
(2) the amount of the captive exchange's initial surplus; and
(3) a provision to authorize a quorum of the governing body of the captive exchange's attorney in fact to consist of not fewer than one-third of the fixed number of members of the governing body.