Tex. Insurance Code § 887.006
This is the official text of Tex. Insurance Code § 887.006, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 887.006. CONSTRUCTION.
Official statutory text
(a) This chapter does not:
(1) enlarge the powers or rights of any association;
(2) enlarge the scope of an association's legal or corporate existence; or
(3) authorize the creation of any association or corporation to engage in the business of insurance described by Section 887.003(b) if that creation is not specifically permitted by law.
(b) The laws prohibiting or limiting creation of an association and the exercise of corporate power are not affected by this chapter.
(1) enlarge the powers or rights of any association;
(2) enlarge the scope of an association's legal or corporate existence; or
(3) authorize the creation of any association or corporation to engage in the business of insurance described by Section 887.003(b) if that creation is not specifically permitted by law.
(b) The laws prohibiting or limiting creation of an association and the exercise of corporate power are not affected by this chapter.
Status: in_force · Read it on the official government site
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