Texas Insurance Code 2207.002 – Pool Not Engaged in Business of Insurance
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(a) Except as provided by Subsection (b), a pool is not engaged in the business of insurance under this code or other laws of this state, and the department does not have jurisdiction over a pool.
(b) A pool is subject to Chapter 541 and Section 543.001.
Terms Used In Texas Insurance Code 2207.002
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.