Texas § IN.942.151 - SUBSCRIBER LIABILITY FOR CERTAIN CONTINGENT PREMIUMS

Full text of Texas The Texas Constitution § IN.942.151 — SUBSCRIBER LIABILITY FOR CERTAIN CONTINGENT PREMIUMS, with citation guidance and answers to common questions.

§ IN.942.151. SUBSCRIBER LIABILITY FOR CERTAIN CONTINGENT PREMIUMS

SUBSCRIBER LIABILITY FOR CERTAIN CONTINGENT PREMIUMS. (a) Except as provided by Section 942.152 and Subsection (b), if a certificate of authority is issued as provided by Subchapter C, the power of attorney or other authorization executed by the subscribers must provide that, in addition to the premium or premium deposit specified in the reciprocal or interinsurance contract, the subscribers are liable for a contingent premium equal to one additional annual premium or premium deposit. (b) If the subscribers and their attorney in fact are authorized to issue reciprocal or interinsurance contracts for cash premiums only, the power of attorney or other authorization may waive all contingent premiums. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

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Frequently Asked Questions About Texas § IN.942.151

What does The Texas Constitution § IN.942.151 cover?

Section IN.942.151 ("SUBSCRIBER LIABILITY FOR CERTAIN CONTINGENT PREMIUMS") 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.942.151?

A common citation format is "The Texas Constitution § IN.942.151" (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.942.151 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.