Tex. Ins. Code § 941.154 · Subchapter D. OPERATION, POWERS, AND DUTIES OF LLOYD'S PLAN

ASSUMPTION OF RISK BY CERTAIN AFFILIATED INSURERS.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

An insurer who is subject to Article 5.26 may not directly or indirectly assume all or a substantial part of a risk covered by a policy written by a Lloyd's plan that is an affiliate of the insurer if the risk is written at a rate less than the rate that may be lawfully charged by:

(1) the insurer; or

(2) one of the insurer's affiliates that is subject to Article 5.26.

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.941.htm
Text hash: sha256 ee01f9bcd6319bc62f8038370cd7ec03bf08061ce5718d7b1ab4f173a0809091
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.