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Tex. Ins. Code § 862.052

PROHIBITIONS RELATING TO LIFE INSURANCE AND LIFE INSURANCE COMPANIES

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

(a) An insurance company authorized by its charter to write fire, marine, lightning, tornado, or inland marine insurance in this state may not write life insurance.

(b) An insurance company authorized to write life insurance in this state may not write fire, marine, or inland marine insurance or any other insurance described by Section 862.051.

(c) The commissioner shall enforce this section.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.