Tex. Ins. Code § 493.1037 · Subchapter C. CREDIT FOR REINSURANCE
CERTIFICATION BY NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
If an applicant for certification has been certified as a reinsurer in a National Association of Insurance Commissioners accredited jurisdiction:
(1) the commissioner may make a determination to defer to the accredited jurisdiction's certification and the financial strength rating assigned by that jurisdiction; and
(2) if the commissioner makes the determination authorized by Subdivision (1), the applicant shall be considered to be a certified reinsurer in this state.
Notes and commentary — not statutory text
History
Added by Acts 2017, 85th Leg., R.S., Ch. 594 (S.B. 1070), Sec. 2.05, eff. September 1, 2017.
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 6a54fc87bae546576a5a58a28c8d2a46f20fd2d36526bbbb8c90afce59a0168f
- 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.