Tex. Ins. Code § 964.072 · Subchapter B. CAPTIVE INSURANCE COMPANIES
APPROVAL OF CAPTIVE REINSURANCE POOLS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
Before determining whether to approve a captive insurance company's participation in a captive reinsurance pool under Section 964.052, the commissioner may:
(1) require the captive insurance company provide to the commissioner evidence that the captive reinsurance pool:
(A) is composed only of other captive insurance companies holding a certificate of authority under this chapter or a similar law of another jurisdiction; and
(B) will be able to meet the pool's financial obligations; and
(2) impose any other limitation or requirement on the captive insurance company that is necessary and proper to provide adequate security for the captive insurance company.
Notes and commentary — not statutory text
History
Added by Acts 2015, 84th Leg., R.S., Ch. 469 (S.B. 667), Sec. 4, eff. June 15, 2015.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.964.htm
- Text hash
- sha256 b062e09dc88f31803f39c36dc6e4496dcb0baeb75caf00bacc955c1911a4e890
- 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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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.