Tex. Insurance Code § 942.152
This is the official text of Tex. Insurance Code § 942.152, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 942.152. SUBSCRIBER LIMITED LIABILITY BASED ON CERTAIN MINIMUM CAPITAL AND SURPLUS.
Official statutory text
If the unencumbered surplus of an exchange is at least equal to the minimum capital stock and minimum surplus required of a stock insurance company engaged in the same kinds of business, the subscribers of the exchange may provide by agreement that the premium or premium deposit specified in the reciprocal or interinsurance contract constitutes the entire liability of the subscribers through the exchange.
Status: in_force · Read it on the official government site
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