Tex. Ins. Code § 493.103 · Subchapter C. CREDIT FOR REINSURANCE
ACCREDITED REINSURER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
For purposes of Section 493.102(a)(2), an insurer is accredited as a reinsurer in this state if the insurer:
(1) submits to this state's jurisdiction;
(2) submits to this state's authority to examine the insurer's books and records;
(3) is domiciled and authorized to engage in the business of insurance or reinsurance in at least one state or, if the insurer is a United States branch of an alien assuming insurer, is entered through and authorized to engage in the business of insurance or reinsurance in at least one state;
(4) annually files with the department a copy of the annual statement the insurer files with the insurance department of the insurer's state of domicile; and
(5) maintains a surplus as regards policyholders in an amount of at least $20 million.
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 d347f1159de7c77d0c8fa911f6f42a7e0819c35e6828b192f0275bcaec139263
- 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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