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Texas Insurance Code - INS § 884.301. Reinsurance of Policy

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

(a) A stipulated premium company may reinsure on an individual indemnity policy basis any risk or part of a risk that the company underwrites or assumes.

(b) The reinsurer must be a legal reserve company that:

(1) is authorized to write life, health, and accident insurance in this state;  and

(2) has capital and surplus in an amount of at least $200,000.

(c) After reinsuring under Subsection (a), a stipulated premium company may take a credit for the reinsurance against the aggregate reserves required by Subchapter J.  1

1  V.T.C.A., Insurance Code § 884.451 et seq.
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Cite this article: FindLaw.com - Texas Insurance Code - INS § 884.301. Reinsurance of Policy - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-884-301/

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