A joint underwriting association may:
(1) act only on behalf of association members who are authorized to engage in business in this state; and
(2) engage in only those activities the association is authorized to perform by the association members.
AUTHORITY TO ACT
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff
A joint underwriting association may:
(1) act only on behalf of association members who are authorized to engage in business in this state; and
(2) engage in only those activities the association is authorized to perform by the association members.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.