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Texas Insurance Code - Section 402.104. Content Of Report Concerning Material Nonrenewals, Cancellations, And Revisions

Legal Research Home > Texas Lawyer > Insurance Code > Texas Insurance Code - Section 402.104. Content Of Report Concerning Material Nonrenewals, Cancellations, And Revisions

§ 402.104. CONTENT OF REPORT CONCERNING MATERIAL 
NONRENEWALS, CANCELLATIONS, AND REVISIONS.  In a report of a 
material nonrenewal, cancellation, or revision of a ceded 
reinsurance agreement under Section 402. 002, an insurer or health 
maintenance organization shall disclose:
		(1)  the effective date of the nonrenewal, 
cancellation, or revision;       
		(2)  a description of the transaction that identifies 
the initiator of the transaction;
		(3)  the purpose of the transaction;  and                                     
		(4)  if applicable, the identity of each replacement 
reinsurer.             

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

Last modified: August 11, 2007