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Texas Insurance Code - INS § 941.154. Assumption of Risk by Certain Affiliated Insurers

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

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.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 941.154. Assumption of Risk by Certain Affiliated Insurers - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-941-154/

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