Tex. Ins. Code § 423.053 · Subchapter B. TRANSACTIONS WITH MONEY
AUTHORITY TO DEPOSIT MONEY IN ACCOUNT OF REINSURER.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
A reinsurance agreement between a domestic insurer and an affiliate, as described by Section 823.003, must specifically authorize the deposit of money from premiums to the account of the affiliate that assumes the reinsurance.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.423.htm
- Text hash
- sha256 51e30cdb48c4b2537f179ff40080a5212defd708802041cf5fc170b6a5ccb9e4
- 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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