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Tex. Ins. Code § 981.102

LIMIT ON USE OF SURPLUS LINES POLICY OR CONTRACT FORMS

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

A surplus lines insurance policy or contract form may not be used unless use of the form is:

(1) reasonably necessary for the principal purposes of the insurance coverage; or

(2) not contrary to the purposes of this chapter regarding the reasonable protection of authorized insurers from unwarranted competition by unauthorized insurers.

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