Texas § IN.2204.051 - PURPOSE OF EXCHANGE
Full text of Texas The Texas Constitution § IN.2204.051 — PURPOSE OF EXCHANGE, with citation guidance and answers to common questions.
§ IN.2204.051. PURPOSE OF EXCHANGE
PURPOSE OF EXCHANGE; SPECIFIC AUTHORIZATION FOR CERTAIN INSURANCE. (a) The exchange shall provide a facility for underwriting: (1) reinsurance of any kind of insurance; (2) direct insurance of any kind of risk located entirely outside the United States; (3) direct insurance of any kind of risk that: (A) is located in another state; and (B) qualifies for placement under the excess and surplus lines requirements of the jurisdiction in which the risk is located; and (4) a risk located in this state that has been submitted to and certified as rejected by a committee representing at least three and not more than seven insurers authorized to engage in the business of insurance in this state and subject to conditions imposed by rules adopted by the commissioner. (b) For purposes of Chapter 101 , insurance or reinsurance a member writes to cover a risk described by Subsection (a)(4) is considered to be specifically authorized by the laws of this state. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.2204.051
What does The Texas Constitution § IN.2204.051 cover?
Section IN.2204.051 ("PURPOSE OF EXCHANGE") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.2204.051?
A common citation format is "The Texas Constitution § IN.2204.051" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.2204.051 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.