CHAPTER 1807. APPLICABILITY TO MARINE INSURANCE
INSURANCE CODE
TITLE 10. PROPERTY AND CASUALTY INSURANCE
SUBTITLE A. GENERAL PROVISIONS
CHAPTER 1807. APPLICABILITY TO MARINE INSURANCE
Sec. 1807.001. DEFINITIONS. In this chapter:
(1) "Insurable property and interests" includes:
(A) goods, freights, and cargoes;
(B) merchandise;
(C) effects;
(D) disbursements;
(E) profits;
(F) money, bullion, and precious stones;
(G) securities;
(H) choses in action;
(I) evidences of debt;
(J) valuable papers; and
(K) bottomry and respondentia interests.
(2) "Marine insurance" means:
(A) insurance and reinsurance that covers:
(i) loss or damage to:
(a) a hull, vessel, or craft of any kind, an aid to navigation,
a dry dock, or a marine railway, whether complete, under
construction, or awaiting construction; or
(b) insurable property and interests in respect to, appertaining
to, or in connection with a risk or peril of navigation, transit,
or transportation:
(1) on or under a sea, lake, or river or other water, in the
air, or on land in connection with or incident to export, import,
or waterborne risks;
(2) while being assembled, packed, crated, baled, compressed, or
similarly prepared for shipment;
(3) while awaiting shipment; or
(4) during any delay, storage, or transshipment or reshipment
incident to the initial shipment;
(ii) a marine builder or repairer risk;
(iii) a marine protection or indemnity risk; or
(iv) a war risk regarding any insurable property or interest
described by this section; and
(B) insurance defined as marine insurance by another statute,
lawful custom, or rule adopted by the commissioner.
Added by Acts 2005, 79th Leg., Ch.
727, Sec. 2, eff. April 1, 2007.
Sec. 1807.002. INAPPLICABILITY OF CERTAIN LAWS TO MARINE
INSURANCE; EXCEPTION. (a) The following provisions do not apply
to marine insurance:
(1) Sections 36.002, 37.051, 403.002, 492.051, and 501.159;
(2) Subchapter H, Chapter 544;
(3) Chapters 5, 252, 253, 493, 494, 1804, 1805, 1806, and 2171;
and
(4) Subtitles B, C, D, E, F, H, and I.
(b) Subsection (a) does not apply to:
(1) a farm mutual insurance company operating under Chapter 911;
(2) a mutual insurance company engaged in business under Chapter
12, Title 78, Revised Statutes, before that chapter's repeal by
Section 18, Chapter 40, Acts of the 41st Legislature, 1st Called
Session, 1929, as amended by Section 1, Chapter 60, General Laws,
Acts of the 41st Legislature, 2nd Called Session, 1929, that
retains the rights and privileges under the repealed law to the
extent provided by those sections; or
(3) a county mutual insurance company operating under Chapter
912.
Added by Acts 2005, 79th Leg., Ch.
727, Sec. 2, eff. April 1, 2007.