(a) A general casualty company may:
(1) insure a person against:
(A) bodily injury, disability, or death that results from an accident; or
(B) disability that results from disease;
(2) insure against loss or damage that results from an accident or injury sustained by an employee or other person, for which accident or injury the insured is liable;
(3) insure against loss or damage that results from an accident to or injury sustained by a person, for which loss the insured is liable, other than employers liability insurance under Subdivision (2);
(4) insure against loss or damage by burglary, theft, or housebreaking;
(5) insure glass against breakage;
(6) insure a steam boiler, elevator, electrical device, or engine and any machinery or appliance used or operated in connection with a steam boiler, elevator, electrical device, or engine;
(7) insure against loss or damage from injury to a person or property that results accidentally from an item described by Subdivision (6);
(8) insure against loss or damage by water to goods or premises that arises from the breakage or leakage of a sprinkler or water pipe;
(9) insure against loss that:
(A) results from accidental damage to an automobile; or
(B) is caused accidentally by an automobile;
(10) insure a person, association, or corporation against loss or damage that results from giving or extending credit;
(11) insure against loss that results from the nonpayment of the principal of or interest on a bond, mortgage, or other evidence of indebtedness;
(12) write marine insurance, which may include insurance against the hazards and perils incident to war; or
(13) insure against any other casualty or insurance risk, other than fire or life insurance, specified in the company’s articles of incorporation that:
(A) may be lawfully made the subject of insurance; and
(B) is not otherwise provided for by this chapter.
(b) A general casualty company may engage in one or more of the activities specified by Subsection (a).

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Terms Used In Texas Insurance Code 861.201

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • 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.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
  • Property: means real and personal property. See Texas Government Code 311.005