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Texas Insurance Code - INS § 402.104. Content of Report Concerning Material Nonrenewals, Cancellations, and Revisions

Current as of January 01, 2024 | Updated by Findlaw Staff

In a report of a material nonrenewal, cancellation, or revision of a ceded reinsurance agreement under Section 402. 002, an insurer or health maintenance organization shall disclose:

(1) the effective date of the nonrenewal, cancellation, or revision;

(2) a description of the transaction that identifies the initiator of the transaction;

(3) the purpose of the transaction; and

(4) if applicable, the identity of each replacement reinsurer.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 402.104. Content of Report Concerning Material Nonrenewals, Cancellations, and Revisions - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-402-104/

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