Texas Insurance Code 2171.002 – Authorization for Issuance
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Terms Used In Texas Insurance Code 2171.002
- Property: means real and personal property. See Texas Government Code 311.005
An insurer may write commercial group property insurance for:
(1) a group of businesses that constitutes a large risk if the members of the group have clearly identifiable underwriting characteristics; or
(2) an association that constitutes a large risk if the members of the association are engaged in similar undertakings.