Texas Insurance Code 941.002 – Lloyd’s Plan Insurance Authorized; Life Insurance Prohibited
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(a) Except as provided by Subsection (b), a Lloyd’s plan may write any kind of insurance that may be lawfully written in this state, including:
(1) fire insurance, including tornado, hail, crop, and floater insurance;
(2) automobile insurance, including fire, theft, transportation, property damage, collision liability, and tornado insurance;
(3) liability insurance;
(4) marine insurance;
(5) accident and health insurance;
(6) burglary insurance;
(7) plate glass insurance; and
(8) fidelity and surety bonds insurance.
(b) A Lloyd’s plan may not write life insurance.
Terms Used In Texas Insurance Code 941.002
- Property: means real and personal property. See Texas Government Code 311.005
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005