Tex. Insurance Code § 862.051
This is the official text of Tex. Insurance Code § 862.051, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 862.051. KINDS OF INSURANCE AUTHORIZED.
Official statutory text
On filing notice of its intent with the department, an insurance company engaged in the business of insurance in this state under an appropriate certificate of authority may:
(1) insure houses, buildings, and other property against loss or damage by fire;
(2) insure goods, merchandise, and other property in the course of transportation by land or water, or vessels afloat, regardless of their location;
(3) insure motor vehicles, whether stationary or being operated under the motor vehicle's own power, against loss or damage by fire, lightning, windstorm, hail storm, tornado, cyclone, explosion, transportation by land or water, theft, and collision;
(4) lend money on bottomry or respondentia;
(5) obtain insurance against:
(A) any loss or risk the company has incurred in the course of its business; and
(B) any loss or risk on an interest that the company has in property because of a loan it has made on bottomry or respondentia; and
(6) take any action proper to promote an activity described by this section.
(1) insure houses, buildings, and other property against loss or damage by fire;
(2) insure goods, merchandise, and other property in the course of transportation by land or water, or vessels afloat, regardless of their location;
(3) insure motor vehicles, whether stationary or being operated under the motor vehicle's own power, against loss or damage by fire, lightning, windstorm, hail storm, tornado, cyclone, explosion, transportation by land or water, theft, and collision;
(4) lend money on bottomry or respondentia;
(5) obtain insurance against:
(A) any loss or risk the company has incurred in the course of its business; and
(B) any loss or risk on an interest that the company has in property because of a loan it has made on bottomry or respondentia; and
(6) take any action proper to promote an activity described by this section.
Status: in_force · Read it on the official government site
Need a lawyer in Texas?
Find a Texas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.