Tex. Ins. Code § 941.051 – FORMATION OF LLOYD'S PLAN | Midpage

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Texas Statutes

§ 941.051

Tex. Ins. Code § 941.051

FORMATION OF LLOYD'S PLAN

Effective Jun 1, 2003Added by Acts 2001, 77th Leg., ch. 1419

Sec. 941.051. FORMATION OF LLOYD'S PLAN

(a) To write insurance on the Lloyd's plan, underwriters must:
1. (1) execute articles of agreement expressing the intent to write insurance; and
2. (2) comply with the requirements of this chapter.
(b) A Lloyd's plan must have at least 10 underwriters.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.