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Texas Insurance Code - Section 402.103. Conditions Under Which Report Concerning Nonrenewal, Cancellation, Or Revision Not Required

Legal Research Home > Texas Lawyer > Insurance Code > Texas Insurance Code - Section 402.103. Conditions Under Which Report Concerning Nonrenewal, Cancellation, Or Revision Not Required

§ 402.103. CONDITIONS UNDER WHICH REPORT CONCERNING 
NONRENEWAL, CANCELLATION, OR REVISION NOT REQUIRED.  An insurer or 
health maintenance organization is not required to file a report 
under Section 402.002 if the insurer's or health maintenance 
organization's ceded written premium of the total reserve credit 
taken for business ceded is, on an annual basis, less than an amount 
equal to:
		(1)  10 percent of direct and assumed written premiums;  
or                 
		(2)  10 percent of the statutory reserve requirement 
before a cession.      

Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.           

Last modified: August 11, 2007