Tex. Ins. Code § 884.560 · Subchapter L. DIRECT REINSURANCE AGREEMENTS WITH MUTUAL ASSESSMENT COMPANIES
ASSUMPTION CERTIFICATE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
Immediately after ratification of the reinsurance agreement under Section 884.556, the stipulated premium company shall issue to each member of the mutual assessment company an assumption certificate that states:
(1) the terms of the assumption; and
(2) the reserve and interest table under which the policy is assumed.
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 02cbc48cf1f3f7880a71c0971a2fc294ea01a7a3b5b62e12fb2432fc1100fb0a
- 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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