This law clarifies that the governmental pool established under this chapter is not classified as insurance under Texas law. Consequently, the State Board of Insurance does not have authority over this pool or similar governmental insurance pools.
Establishes that the pool is not considered insurance.
Excludes the State Board of Insurance from jurisdiction.
Applies to governmental insurance pools created under specific acts.
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In simple terms: Learn about Texas's NOT INSURANCE; BOARD OF INSURANCE LACKS law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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