Texas Insurance Code 2301.004 – Exemption for Large Risks
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Terms Used In Texas Insurance Code 2301.004
- Property: means real and personal property. See Texas Government Code 311.005
Sections 2301.006, 2301.007(a) and (b), and 2301.008 do not apply to forms for use with an insured that has:
(1) total insured property values of $5 million or more;
(2) total annual gross revenues of $10 million or more; or
(3) a total premium of $25,000 or more for property insurance, $25,000 or more for general liability insurance, or $50,000 or more for multiperil insurance.