(a) Each new or renewal insurance contract, policy,
certificate, cover note, or other confirmation of insurance purchased
and delivered as surplus lines coverage under the Insurance Code must
contain, at a minimum:
(1) the information required by Insurance Code §981.101;
(2) a statement designating the name and address of
the individual to whom the Commissioner will mail service of process
in accordance with the Insurance Code; and
(3) a stamping fee.
(b) As provided by Insurance Code §981.073(b),
Insurance Code §981.101(b) does not apply to a new or renewal
insurance contract, policy, certificate, cover note, or other confirmation
of insurance purchased and delivered as surplus lines coverage under
Insurance Code Chapter 981 if issued by a domestic surplus lines insurer.
(c) Under Insurance Code §981.076, a domestic
surplus lines insurer must include with each new or renewal insurance
contract, policy, certificate, cover note, or other confirmation of
insurance purchased and delivered as surplus lines coverage under
the Insurance Code the following statement: "This insurance contract
is issued and delivered as surplus lines coverage under the Texas
Insurance Code. The insurer is not a member of the property and casualty
insurance guaranty association created under Insurance Code Chapter
462. Insurance Code Chapter 225 requires payment of a __________ (insert
appropriate tax rate) percent tax on gross premium."
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