Tex. Ins. Code § 494.002 · Chapter 494. REINSURANCE OF AIRCRAFT AND SPACE EQUIPMENT RISKS
AUTHORITY TO REINSURE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A domestic insurance company as defined by Section 841.001, alone or together with another insurer, may reinsure any liability, property, casualty, collision, personal injury, death, or other risk relating to, arising from, or incident to the manufacture, ownership, custody, or operation of an aircraft or any space equipment, subject to any just and reasonable limitation imposed by the commissioner.
(b) A limitation imposed by the commissioner must be consistent with the purposes of this chapter.
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.494.htm
- Text hash
- sha256 0af14ed2d9de1c7abeb88bf72015bbe2d90cf49cda2a01e241086d9354b9f6ad
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
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.