Tex. Ins. Code § 493.052 · Subchapter B. REINSURANCE
LIMITATION ON REINSURANCE OF ENTIRE OUTSTANDING BUSINESS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An insurer may not reinsure the insurer's entire outstanding business in an assuming insurer unless the assuming insurer is authorized to engage in the business of insurance in this state.
(b) Before the date of reinsurance:
(1) the reinsurance contract must be submitted to the commissioner; and
(2) the commissioner must approve the contract as fully protecting the interests of all policyholders.
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.493.htm
- Text hash
- sha256 6e774ba097b97ea5e7b7378e9897d21b1794bfe09f5be3e863ca40a425c4d1eb
- 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.