Texas § IN.861.201 - KINDS OF INSURANCE AUTHORIZED

§ IN.861.201. KINDS OF INSURANCE AUTHORIZED

KINDS OF INSURANCE AUTHORIZED. (a) A general casualty company may: (1) insure a person against: (A) bodily injury, disability, or death that results from an accident; or (B) disability that results from disease; (2) insure against loss or damage that results from an accident or injury sustained by an employee or other person, for which accident or injury the insured is liable; (3) insure against loss or damage that results from an accident to or injury sustained by a person, for which loss the insured is liable, other than employers liability insurance under Subdivision (2); (4) insure against loss or damage by burglary, theft, or housebreaking; (5) insure glass against breakage; (6) insure a steam boiler, elevator, electrical device, or engine and any machinery or appliance used or operated in connection with a steam boiler, elevator, electrical device, or engine; (7) insure against loss or damage from injury to a person or property that results accidentally from an item described by Subdivision (6); (8) insure against loss or damage by water to goods or premises that arises from the breakage or leakage of a sprinkler or water pipe; (9) insure against loss that: (A) results from accidental damage to an automobile; or (B) is caused accidentally by an automobile; (10) insure a person, association, or corporation against loss or damage that results from giving or extending credit; (11) insure against loss that results from the nonpayment of the principal of or interest on a bond, mortgage, or other evidence of indebtedness; (12) write marine insurance, which may include insurance against the hazards and perils incident to war; or (13) insure against any other casualty or insurance risk, other than fire or life insurance, specified in the company's articles of incorporation that: (A) may be lawfully made the subject of insurance; and (B) is not otherwise provided for by this chapter. (b) A general casualty company may engage in one or more of the activities specified by Subsection (a). Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. SUBCHAPTER F. REGULATION OF GENERAL CASUALTY COMPANY