Tex. Insurance Code § 942.053
SUBSCRIBER DECLARATION
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 942.053, SUBSCRIBER DECLARATION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/680509
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Full text
(a) On entering into a reciprocal or interinsurance contract, the subscribers, through the attorney in fact, shall file with the department a declaration verified by the oath of the attorney in fact.
(b) The declaration must include:
(1) the name of the proposed exchange;
(2) the kinds of insurance to be provided under the reciprocal or interinsurance contract;
(3) a copy of the form of the power of attorney or other authorization of the attorney in fact under which the insurance is to be provided;
(4) the location of each office from which the reciprocal or interinsurance contracts are to be issued; and
(5) any other information prescribed by the department, including an affidavit comparable to the affidavit prescribed by Section 822.057(a)(3).