(a) A general casualty company may:
(1) insure a person against:
- (A) bodily injury, disability, or death that results from an accident; or
- (B) disability that results from disease;
- (2) insure against loss or damage that results from an accident or injury sustained by an employee or other person, for which accident or injury the insured is liable;
- (3) insure against loss or damage that results from an accident to or injury sustained by a person, for which loss the insured is liable, other than employers liability insurance under Subdivision (2);
- (4) insure against loss or damage by burglary, theft, or housebreaking;
- (5) insure glass against breakage;
- (6) insure a steam boiler, elevator, electrical device, or engine and any machinery or appliance used or operated in connection with a steam boiler, elevator, electrical device, or engine;
- (7) insure against loss or damage from injury to a person or property that results accidentally from an item described by Subdivision (6);
- (8) insure against loss or damage by water to goods or premises that arises from the breakage or leakage of a sprinkler or water pipe;
(9) insure against loss that:
- (A) results from accidental damage to an automobile; or
- (B) is caused accidentally by an automobile;
- (10) insure a person, association, or corporation against loss or damage that results from giving or extending credit;
- (11) insure against loss that results from the nonpayment of the principal of or interest on a bond, mortgage, or other evidence of indebtedness;
- (12) write marine insurance, which may include insurance against the hazards and perils incident to war; or
(13) insure against any other casualty or insurance risk, other than fire or life insurance, specified in the company's articles of incorporation that:
- (A) may be lawfully made the subject of insurance; and
- (B) is not otherwise provided for by this chapter.
- (b) A general casualty company may engage in one or more of the activities specified by Subsection (a).
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.