SUBSCRIBER DECLARATION.
Tex. INS Code § 964.106.
in effectA captive exchange shall file with the department a subscriber declaration that includes:
(1) the information described by Section 942.053 ;
(2) the amount of the captive exchange's initial surplus; and
(3) a provision to authorize a quorum of the governing body of the captive exchange's attorney in fact to consist of not fewer than one-third of the fixed number of members of the governing body.
Added by Acts 2017, 85th Leg., R.S., Ch. 1050 (H.B. 1944 ), Sec. 2.01, eff. June 15, 2017.