Texas § IN.942.003 - LIMITED EXEMPTION FROM INSURANCE LAWS
Full text of Texas The Texas Constitution § IN.942.003 — LIMITED EXEMPTION FROM INSURANCE LAWS, with citation guidance and answers to common questions.
§ IN.942.003. LIMITED EXEMPTION FROM INSURANCE LAWS
LIMITED EXEMPTION FROM INSURANCE LAWS; APPLICABILITY OF CERTAIN LAWS. (a) An exchange is exempt from the operation of all insurance laws of this state except as specifically provided in this chapter or unless exchanges are specifically mentioned in the other law. (b) An exchange is subject to: (1) Subchapter A, Chapter 5, Chapter 254 , Subchapters A and B, Chapter 1806 , and Subtitle C, Title 10; (2) Articles 5.35, 5.39, and 5.40; (3) Article 5.13-2, as provided by that article, Chapter 2251 , as provided by that chapter, and Chapter 2301 , as provided by that chapter; (4) Chapters 402 , 541 , and 2253 ; (5) Subchapter A , Chapter 401 , and Sections 401.051 , 401.052 , 401.054 , 401.055 , 401.056 , 401.057 , 401.058 , 401.059 , 401.060 , 401.061 , 401.062 , 401.151 , 401.152 , 401.155 , and 401.156 ; (6) Subchapter B , Chapter 404 ; (7) Subchapter C , Chapter 1806 ; and (8) Sections 38.001 , 501.159 , 822.203 , 822.205 , 822.210 , 822.212 , 861.254 (a)-(f), 861.255 , 862.001 (b), 862.003 , 2002.002 , 2002.005 , 2002.051 , and 2002.052 . (c) Chapter 2007 applies to rates for motor vehicle insurance written by an exchange. (d) The provisions of the Texas Business Corporation Act that relate to the indemnification of officers and directors apply to an exchange. (e) Subscribers and their attorney in fact are subject to Sections 822.051 , 822.057-822.060, and 822.201 , except that: (1) the declaration of the subscribers prescribed by Section 942.053 replaces the articles of incorporation; and (2) the unencumbered surplus of the exchange constitutes capital structure for purposes of Section 822.060 . (f) An exchange is subject to Chapter 2210 , as provided by that chapter. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by Acts 2003, 78th Leg., ch. 206, Sec. 21.44(a), (b), eff. June 11, 2003. Amended by: Acts 2005, 79th Leg., Ch. 631 (H.B. 2565 ), Sec. 6, eff. September 1, 2005. Acts 2005, 79th Leg., Ch. 1295 (H.B. 2614 ), Sec. 3, eff. September 1, 2005. Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636 ), Sec. 2E.119, eff. April 1, 2009. Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636 ), Sec. 3B.027, eff. September 1, 2007. Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167 ), Sec. 9.027, eff. September 1, 2007. Acts 2009, 81st Leg., R.S., Ch. 1408 (H.B. 4409 ), Sec. 43, eff. June 19, 2009. SUBCHAPTER B. FORMATION AND STRUCTURE OF EXCHANGE
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.942.003
What does The Texas Constitution § IN.942.003 cover?
Section IN.942.003 ("LIMITED EXEMPTION FROM INSURANCE LAWS") 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.942.003?
A common citation format is "The Texas Constitution § IN.942.003" (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.942.003 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.