EXEMPTION FOR LARGE RISKS.
Tex. INS Code § 2301.004.
in effectSections 2301.006 , 2301.007 (a) and (b), and 2301.008 do not apply to forms for use with an insured that has:
(1) total insured property values of $5 million or more;
(2) total annual gross revenues of $10 million or more; or
(3) a total premium of $25,000 or more for property insurance, $25,000 or more for general liability insurance, or $50,000 or more for multiperil insurance.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007.
