Tex. Ins. Code § 491.004 · Subchapter A. REINSURANCE
RISK LIMITATION FOR ALIEN INSURER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
An insurer incorporated under the laws of a jurisdiction other than this state, another state, or the United States and authorized to engage in business in this state may not, unless the insurer reinsures the excess in another solvent insurer, expose itself to a loss or hazard on a single risk in an amount that exceeds the sum of:
(1) 10 percent of the insurer's deposit with the statutory officer in the state through which the insurer is authorized to engage in business in the United States; and
(2) 10 percent of the other surplus for policyholders of the insurer's United States branch.
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 64b9c120e6abfd7aaba3f858f11ecbb8f48d67d0ac58e032c3e846204dfbeeaa
- 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.