Tex. Insurance Code § 883.057
MEMBERSHIP OF PUBLIC OR PRIVATE ENTITIES IN COMPANY AUTHORIZED
Texas · Texas Insurance Code · Status: effective
Cite this
- Citation
- Tex. Insurance Code § 883.057, MEMBERSHIP OF PUBLIC OR PRIVATE ENTITIES IN COMPANY AUTHORIZED, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/679929
- Permanent ID
ys:prov:679929@1- SHA-256
fd2c65a8c50675e72a7a743e8a0505b35c40f4da54224ca286f1d485cb6ddc30
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) Any public or private corporation, board, association, or estate may make an application for, enter into an agreement for, or hold a policy in a mutual insurance company. An officer, shareholder, trustee, or legal representative may act on behalf of the entity for that participation.
(b) An officer, shareholder, trustee, or legal representative of a public or private entity described by Subsection (a) may not be held personally liable on a contract of insurance executed by the person in the person's capacity as a representative of the entity under Subsection (a).
(c) The right of a corporation organized under the laws of this state to participate as a member of a mutual insurance company is:
(1) incidental to the purpose for which the corporation was organized; and
(2) in addition to the corporate rights or powers expressly conferred in the corporation's articles of incorporation.