# Tex. Insurance Code § 964.051: AUTHORITY TO WRITE DIRECT BUSINESS

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C964_S964.051

## Section

- **Citation:** Tex. Insurance Code § 964.051
- **Heading:** AUTHORITY TO WRITE DIRECT BUSINESS
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code in / Chapter 964 / Section 964.051

## Text

(a) Except as provided by this section, a captive insurance company may write any type of insurance, but may only insure the operational risks of the company's affiliates and risks of a controlled unaffiliated business.

(b) A captive insurance company may not issue:

(1) life insurance, except to insure employee benefits that are subject to the Employee Retirement Income Security Act of 1974 (29 U.S.C. Section 1001 et seq.);

(2) annuities;

(3) accident and health insurance for the company's parent and affiliates, except to insure employee benefits that are subject to the Employee Retirement Income Security Act of 1974 (29 U.S.C. Section 1001 et seq.);

(4) title insurance;

(5) mortgage guaranty insurance;

(6) financial guaranty insurance;

(7) residential property insurance;

(8) personal automobile insurance; or

(9) workers' compensation insurance.

(c) A captive insurance company may not issue a type of insurance, including automobile liability insurance, that is required, under the laws of this state or a political subdivision of this state, as a prerequisite for obtaining a license or permit if the law requires that the liability insurance be issued by an insurer authorized to engage in the business of insurance in this state.

(d) A captive insurance company is authorized to issue a contractual reimbursement policy to:

(1) an affiliated certified self-insurer authorized under Chapter 407, Labor Code, or a similar affiliated entity expressly authorized by analogous laws of another state; or

(2) an affiliate that is insured by a workers' compensation insurance policy with a negotiated deductible endorsement.

## Nearby sections

- [Tex. Insurance Code § 964.001 § 964.001. DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C964_S964.001.md)
- [Tex. Insurance Code § 964.002 § 964.002. APPLICABILITY OF OTHER LAWS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C964_S964.002.md)
- [Tex. Insurance Code § 964.051 § 964.051. AUTHORITY TO WRITE DIRECT BUSINESS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C964_S964.051.md)
- [Tex. Insurance Code § 964.052 § 964.052. REINSURANCE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C964_S964.052.md)
- [Tex. Insurance Code § 964.053 § 964.053. FORMATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C964_S964.053.md)
- [Tex. Insurance Code § 964.054 § 964.054. RESERVES AND ACCOUNTING BASIS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C964_S964.054.md)
- [Tex. Insurance Code § 964.055 § 964.055. CERTIFICATE OF AUTHORITY REQUIRED.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C964_S964.055.md)
- [Tex. Insurance Code § 964.056 § 964.056. CAPITAL AND SURPLUS OR EQUIVALENT REQUIREMENTS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C964_S964.056.md)
- [Tex. Insurance Code § 964.057 § 964.057. APPLICATION FOR CERTIFICATE OF AUTHORITY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C964_S964.057.md)
- [Tex. Insurance Code § 964.058 § 964.058. EXAMINATION BY COMMISSIONER.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C964_S964.058.md)
- [Tex. Insurance Code § 964.059 § 964.059. ACTION ON APPLICATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C964_S964.059.md)
- [Tex. Insurance Code § 964.060 § 964.060. ANNUAL REPORT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C964_S964.060.md)
- [Tex. Insurance Code § 964.061 § 964.061. INVESTMENTS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C964_S964.061.md)
- [Tex. Insurance Code § 964.062 § 964.062. AMENDMENTS TO CERTIFICATE OF FORMATION OR GOVERNING DOCUMENT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C964_S964.062.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C964_S964.051. Check the current official text before relying on it. Not legal advice.