Texas Insurance Code 981.051 – Authorization Required
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(a) Before an insurer may issue surplus lines insurance, the insurer must hold an authorization to engage in the business of insurance from its domiciliary state or country.
(b) The authorization from the domiciliary state or country must be for the same kind or class of insurance to be written in this state as surplus lines insurance.
Terms Used In Texas Insurance Code 981.051
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
(c) The surplus lines insurer must provide to the commissioner satisfactory evidence that the insurer holds the authorization.