Tex. Ins. Code § 4152.152 · Subchapter D. REQUIREMENTS RELATING TO BROKERS
PLACEMENT OF REINSURANCE WITH UNAUTHORIZED REINSURER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
Unless the ceding insurer releases the broker in writing from the broker's obligations under this section, a broker who places reinsurance on behalf of an authorized ceding insurer with a reinsurer that is not authorized, accredited, or trusteed in this state under Chapter 493 shall:
(1) exercise due diligence in inquiring into the financial condition of the reinsurer;
(2) disclose to the ceding insurer the broker's findings in connection with the inquiry under Subdivision (1); and
(3) make available to the ceding insurer a copy of the current financial statement of the reinsurer.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2J.006, eff. April 1, 2009.
Acts 2017, 85th Leg., R.S., Ch. 594 (S.B. 1070), Sec. 3.14, eff. September 1, 2017.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.4152.htm
- Text hash
- sha256 28252ed58ad384813aa6f359fd090b788b54905a67271c59233e8491705de861
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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