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.
Section: 402.005 402.051 402.052 402.053 402.101 402.102 402.103 402.104 403.001 403.002 403.051 403.052 403.053 403.101 403.102
Last modified: August 10, 2007
|
