Texas Insurance Code - Section 402.003. Exceptions To Reporting Requirements
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§ 402.003. EXCEPTIONS TO REPORTING REQUIREMENTS. An
insurer or health maintenance organization is not required to file
a report under Section 402.002 if:
(1) the acquisition or disposition of assets or the
nonrenewal, cancellation, or revision of a ceded reinsurance
agreement is not material; or
(2) the insurer's or health maintenance organization's
material acquisition or disposition of assets or material
nonrenewal, cancellation, or revision of a ceded reinsurance
agreement has been submitted to the commissioner for review,
approval, or information under another provision of this code or
another law, regulation, or requirement.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 401.153 401.154 401.155 401.156 401.201 402.001 402.002 402.003 402.004 402.005 402.051 402.052 402.053 402.101 402.102
Last modified: August 11, 2007
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