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Tex. Insurance Code § 981.005

VALIDITY OF CONTRACTS

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 981.005, VALIDITY OF CONTRACTS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/680630
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(a) Unless a material and intentional violation of this chapter or Chapter 225 exists, an insurance contract obtained from an eligible surplus lines insurer is: (1) valid and enforceable as to all parties; and (2) recognized in the same manner as a comparable contract issued by an authorized insurer. (b) A material and intentional violation of this chapter or Chapter 225 does not preclude the insured from enforcing the insured's rights under the contract.