Tex. Insurance Code § 981.102

This is the official text of Tex. Insurance Code § 981.102, 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.

§ 981.102. LIMIT ON USE OF SURPLUS LINES POLICY OR CONTRACT FORMS.

Official statutory text

A surplus lines insurance policy or contract form may not be used unless use of the form is:

(1) reasonably necessary for the principal purposes of the insurance coverage; or

(2) not contrary to the purposes of this chapter regarding the reasonable protection of authorized insurers from unwarranted competition by unauthorized insurers.

Status: in_force · Read it on the official government site

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