Tex. Ins. Code Section 861.102
Issuance of Certificate of Authority

(a)

The department shall issue a certificate of authority to a general casualty company authorizing the company to engage in the business of insurance under this chapter if:

(1)

the company meets the requirements of this chapter; and

(2)

the commissioner has granted a charter to the company in the manner provided by Sections 822.051 (Formation of Company), 822.052 (Articles of Incorporation), 822.053 (Company’s Name), 822.054 (Capital Stock and Surplus Requirements), 822.057 (Application for Charter), 822.058 (Action by Commissioner After Filing of Application for Charter), 822.059, 822.060 (Action on Application), and 822.210 (Commissioner May Require Larger Capital and Surplus Amounts).

(b)

A certificate of authority is evidence of a general casualty company’s authorization to engage in the business of insurance under this chapter and of the company’s solvency and credits.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Source: Section 861.102 — Issuance of Certificate of Authority, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­861.­htm#861.­102 (accessed May 18, 2024).

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Accessed:
May 18, 2024

§ 861.102’s source at texas​.gov