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Current as of January 01, 2024 | Updated by Findlaw Staff
On and after the date of the captive exchange's formation, each subscriber of the captive exchange must:
(1) have an existing affiliation with each other subscriber; or
(2) satisfy the definition of a controlled unaffiliated business regardless of any affiliation relationship created by the captive exchange.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 964.103. Subscriber Requirements - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-964-103/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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