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Tex. Ins. Code § 981.211

FINANCIAL CONDITION OF SURPLUS LINES INSURERS

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

(a) A surplus lines agent must make a reasonable effort to determine the financial condition of an eligible surplus lines insurer before placing insurance with that insurer.

(b) A surplus lines agent may not knowingly place surplus lines insurance with a financially unsound insurer.

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