Tex. Ins. Code § 884.503 · Subchapter K. DIRECT REINSURANCE AGREEMENTS
DIRECT REINSURANCE OF ACCIDENT OR HEALTH INSURANCE POLICIES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In the direct reinsurance of a stipulated premium accident or health insurance policy under Section 884.502, the company assuming the policy under the agreement must assume the exact obligations of the policy.
(b) If a policy is non-cancellable or guaranteed renewable, the assuming company may include in the assumption certificate a premium redetermination clause instead of the clause required by Section 884.352.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.884.htm
- Text hash
- sha256 b6e753ddbb28acd3140dd033cfa24576ad07529f164ba0cb5c3a6828afb0e43c
- 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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