Tex. Ins. Code § 491.003 · Subchapter A. REINSURANCE
RISK LIMITATION FOR DOMESTIC OR FOREIGN INSURER.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
An insurer incorporated under the laws of this state, another state, or the United States and authorized to engage in business in this state may not expose itself to a loss or hazard on a single risk in an amount that exceeds 10 percent of the insurer's surplus for policyholders unless the insurer reinsures the excess in another solvent insurer.
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.491.htm
- Text hash
- sha256 b1c28d29fa426e8927136da86f6c13f1978b72775c85ee4de9235c2a74385730
- 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
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.