Untitled Texas Attorney General Opinion

THE ATTORNEY GXNERAL op TEXAS JUU~ 23, 1950 Hon. George B. Butler, Chairman Board of InSuranoe Commissioners Austin, Texas Opinion No. v-1074 Re: Whether 8 farm mutual insurance aompany may wrPritethe addItIona cover es-'extended b$ Art. 436 08-20, Sec.la, V.C.S., coexteneive with the coverage that any fire or w3.ndsto~lnsur- Dear sir: ante oompany may write. Your inquiry relates to 8 farm mutual liisuranoe com- pany, organized snd'operetlng under Article ~4860a-20, V.C.S. Speclf$cally, you IWJP~.XW whether such company may write the addltion+l'coverage extended to county mntual insurance coni- panics by virtue~of the provisions of Sec. 1s of Atit. 48608-20, 8s added by Acts ,5Oth Jag., 1947, 'tih.367, p. 739, titled House Bill 155. ,hLh&& A study.of,the ~problem should include some of Its .,. County mutual insurance companies, 8s first defined, authorized and regulated in 1937 by the 45th Legislature in an act codiiied 8s Art. 40608-20, V.C.S., had but 8 modicum of statutory regulation attached to their organlzstlon and oper8- tion, when compared with that of other types of insurance eom- l.mnNs. Their rate8 were not regulated 8s are other oomp8nles; they were not subject to the rlgld lreserve requlreanents; their financial status for orgtilsatlon end'for continued operation was less exacting. The possible coverage they were authorized to write ~8s very limited, however. Such eoverege was found in Sec. 1 61 Art. 48608-20, Snd was as follows: 'County Mutual Insuranae Companies are cornpan- les organtied for the purpose of lnsuranee on the mntual or cooperative plan against loss or dam8R by fire. linhtninn. uas exx)loslon, theft, winds&m and hall, and for all or either of such purposes. Hon. George 'B. Butler, page 2~(V-1074) qnless they are restrioted by the&r charters, they may write insurance against said hazards: "(8) On both rural and urban dwellings and Sttendant out-hOUSeS 8nd yard buildlngsiand 811 their contents ior home and personal use -- in- cluding ftmt&y vehloles, mSiC81 instruments 8nd libraries; *(b) On barns and other farm, dairy, truok garden, hehnery and ranuh bulldings and lmprove- ments of every desariptlcin; '(0) On 811 vehicles, harness, Implements, tools and machlnery,of every kind Snd description used on and about'~farms, truck gardens, d8irieS, hennerles or ranohes. ~- “id),Oziall fr&s and products, other than &rmring'or6ps, azu,,a&l fovls, domestic aalmals. Wui 'llvestook~of every description, prodnoed, raised, grown, kept.or used on truok gardens, hen- nerles; ~farms; ranohes and dairies; Snd "(e) On chureh:hduses, oountry sohool houses, . country lodge glooms and country~recreatlon halls, other than road houses and publio~darice halls and shelr c6utents." (Emphesls supnlied throughout this opinion.) : Thereafter~~~iP~~~l~~,the 50th~ bgislsture, by the pSs- sag& of Its E&se Bill 155, 8s noted heretofore, extended the coverage $n th&following respects and with the following Wal- ifiC8tiOnS: nSeotlon 1. Senate Bill Ho. I.21 psssed by the Forty-fifth bglslstnre of the State of Texas St Its Regillar gessiod in 1937, and known 8s Artlole 486OS~20, Veruonts Civil StStUt9S of the State of Texas,~~ls hereby smended so 8s to add thereto St th6 end thereof the following: -Ya~Sec . la. County Nutnal Insuranoe Cola dies operating under the provlslons of Artlole 4 E Oa-20 shall after.th& passage of this Act be authorised to write lnsuranoe against loss or damage from any hazard provided therein or thatrz otynr fg; 2 wlndstorm~insur8nce comrmny 0Dc) inn T P Eon. George B. Butler, page 3 (V-1074) write on operty described in Section 1 of Artiole 4 ' 'Sec. 28. Any oom y operating undbr the pro+zislous of Ax%dcle 4 E?OS-20 or subjeat:to the provisions of said Article, -exceptLng those com- panies which out of the total amount of insurance in force maintain more than sixty per cent (6@) In force on rural property. . . which shall here- after be known as ‘Farm Mutual Insurance Companies,' Shall become subject to the urovislons of this Act and shall comply with the following requirements, to wit: termx when used ln this ""company" shall refer to and Include all types of orgaulxstlons, corporations, asxociatlons, aom- panle,s or.:groups subject to the provlslons of this Act. ;~ ". . . . ""Ruril Property" as the term 1s used In this kw shall mean any property which h8s at least five (5) acres of'oultlvated or grating lend used exclusively with such insured property." Speciflo8lly, then, your question Is whether 8 fsrti mutual insmoe company, as defined imSec. 2s of Rouse Bill 155 set out 8bov6, IS entitled to write the additional cover- age extended tc:oounty mutual lusuranoe companies by Sec. la of House Bill 155. Until the passage of Rouse Bill 155, connty mutual lnsur8nce companles'could write only the perils of fire, lightning, g88 explosion, theft, windstorm and hall on the enumerated risks. Thereafter, they were authorlxed to write Insurance against all of the perils that 8 fire or windstorm lnsurauoe company may write, 8 recitation of whioh perils ls unnecessary herein. An examination of the precise language of Rouse Bill 155 will show the exclusion of farm mutual lneuranoe Companies both from Its benefits and from Its exactions. Thus it pro- vides that: Hon. George B. Butler, page 4 (V-1074) "Any corn ny.operatlng under the provisions of Article r 8608-20. . . , excepting those com- panlea which out of the total amount of lnsur- ance In force maintain more th8n sixty per cent (60s) In force on rural property. . . which shall hereafter be known ~88 *Farm Mu& Insur- ance Companies.' shall become subject to the provisions of this Act. . . ." Obviously, farm mutual Insurance companies are re- moved from the-'operation of the entire Act by the foregtilng provision. That psrt of the Act whloh extends additional coverage to county mutual insurance companies, though deslg- nated therein 8s Sec. la, Is no less removed from the effect of the quoted exemptloU of farm mutual insurance OOmp8UitiS from the operation of the Act by virtue bf Its bdlng In 8 separate-section. The Act Is entire. Farmmutualina~ranae compenles are not subject to any part of it. !i'heydo not obtain the advantage of wrltlng the additional cover8ge,but by the same token, they aide not siibjeot to the exactions made thereafter. And these exactions are considerable. For exam- ple, the additional exactions include the requirements of approval of policy forms, flllUg of rate schedules, llceuslng ( of agents, officers bonds and pens1 provisions, solvency defi- nition and supervlslon,sn&max~ contingent liability, to point out some of the more sUbStSUtl81 changes. SUMMARY Farm mutual lnsursnce comp8nles brgenlxed, ~ defined and operating under Art. ~&OS-20, V.C.S., are not authorlsed to cover the additional perils. extended by the provisions of House Bill 155, Acts 50th.-Leg., 1947, ch. 367, p-739 (Sec. la, Art. 486Os-2O;V.C.S.) but are, Instead, confined to the iiuthorlted perils set out In Sea. 1 of Art. 4060a-20. Yours very truly APPROVBD: PRICE DZXEL Attorney General Red McDaniel State Affairs Dlvislou Joe R. Greenhill First Assistant DJC/rt