Texas Insurance Code 543.004 – Sharing of or Participation in Special Fund Prohibited
Current as of: 2024 | Check for updates
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Terms Used In Texas Insurance Code 543.004
- Contract: A legal written agreement that becomes binding when signed.
An insurer or an officer, agent, or representative of an insurer may not issue a policy that contains a special or board contract or similar provision by the terms of which the policy will share or participate in a special fund derived from a tax or a charge against any portion of the premium on another policy.