Sec. 941.051. FORMATION OF LLOYD'S PLAN. (a) To write insurance on the Lloyd's plan, underwriters must:
(1) execute articles of agreement expressing the intent to write insurance; and
(2) comply with the requirements of this chapter.
(b) A Lloyd's plan must have at least 10 underwriters.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.