Texas Insurance Code chs. 862 (Fire and Marine Insurance Companies), 941 (Lloyd's Plan) and 942 (Reciprocal and Interinsurance Exchanges), each complete

What this document is

Texas Insurance Code chs. 862 (Fire and Marine Insurance Companies), 941 (Lloyd's Plan) and 942 (Reciprocal and Interinsurance Exchanges), each complete (Secs. 862.001-862.154, 941.001-941.702, 942.001-942.203) is a state statute published by Texas Legislative Council (statutes.capitol.texas.gov; document host tcss.legis.texas.gov). It is one of the Texas documents that insurance license exam questions are written from, including texas property & casualty, texas personal lines, texas claims adjuster practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• Tex. Ins. Code § 862.053(a) (Fire Insurance: Total Loss of Real Property)

  “Sec. 862.053. FIRE INSURANCE: TOTAL LOSS OF REAL PROPERTY. (a) A fire insurance policy, in case of a total loss by fire of property insured, shall be held and considered to be a liquidated demand against the company for the full amount of such policy. This subsection does not apply to personal property.”

• Tex. Ins. Code § 862.054 (Fire Insurance: Breach by Insured; Personal Property Coverage)

  “Unless the breach or violation contributed to cause the destruction of the property, a breach or violation by the insured of a warranty, condition, or provision of a fire insurance policy or contract of insurance on personal property, or of an application for the policy or contract: (1) does not...”

• Tex. Ins. Code § 862.055 (Fire Insurance: Interest of Mortgagee or Trustee)

  “(a) The interest of a mortgagee or trustee under a fire insurance contract covering property located in this state may not be invalidated by: (1) an act or neglect of the mortgagor or owner of the property; or (2) the occurrence of a condition beyond the mortgagor's or owner's control. (b) A...”

• Tex. Ins. Code § 941.002 (Lloyd's Plan Insurance Authorized; Life Insurance Prohibited)

  “Sec. 941.002. LLOYD'S PLAN INSURANCE AUTHORIZED; LIFE INSURANCE PROHIBITED. (a) Except as provided by Subsection (b), a Lloyd's plan may write any kind of insurance that may be lawfully written in this state, including: (1) fire insurance, including tornado, hail, crop, and floater insurance; (2)...”

• Tex. Ins. Code § 862.053(a), (b) (Fire Insurance: Total Loss of Real Property)

  “Sec. 862.053. FIRE INSURANCE: TOTAL LOSS OF REAL PROPERTY. (a) A fire insurance policy, in case of a total loss by fire of property insured, shall be held and considered to be a liquidated demand against the company for the full amount of such policy. This subsection does not apply to personal...”

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More Texas sources

• Texas Government Code ch. 2001 -- Administrative Procedure Act, complete (Secs. 2001.001-2001.903)State statute
• Texas Government Code Chapter 2253, Public Work Performance and Payment Bonds, complete: Subchapters A-D, Secs. 2253.001-2253.079State statute
• Tex. Ins. Code ch. 541: Unfair methods of competition and unfair or deceptive acts or practicesState statute
• Tex. Ins. Code ch. 1101: Life insurance required and prohibited policy provisionsState statute
• Tex. Ins. Code ch. 4001: Agent licensing in generalState statute
• Tex. Ins. Code ch. 4005: Conduct, disciplinary actions, and sanctionsState statute
• Tex. Ins. Code ch. 1201: Accident and health insurance policy provisionsState statute
• Texas Insurance Code Chapter 151, Consolidated Insurance Programs, complete: Subchapters A-D, Secs. 151.001-151.151State statute