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Tex. Occ. Code § 2307.002

INSURER INTERESTS

Applied in 1 court decision — leading case Allstate Insurance v. Abbott (2007)

Most recently applied in Allstate Insurance v. Abbott (August 2007)

Added by Acts 2003, 78th Leg., ch. 1045, Sec. 1, eff

(a) Except as provided by this section, an insurer may not own or acquire an interest in a repair facility.

(b) An insurer that owns an interest in a tied repair facility that was open for business, or on which construction had commenced, on April 15, 2003, may maintain that ownership interest and may operate that facility.

(c) An insurer may relocate a tied repair facility described by Subsection (b), but may not obtain an ownership interest in any additional facility not described by Subsection (b).

(d) Subsections (b) and (c) are applicable to an insurer only if the insurer and its tied repair facility are otherwise in compliance with this chapter.

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