Texas Insurance Code - Section 491.052. Computation Of Reinsurance Reserves For Certain Insurers
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§ 491.052. COMPUTATION OF REINSURANCE RESERVES FOR
CERTAIN INSURERS. (a) On December 31 of each year, or as soon as
practicable after that date, the department shall, in accordance
with Section 491.051, compute the reinsurance reserve for all
unexpired risks of each insurer organized under the laws of this
state or engaged in the business of insurance in this state.
(b) This section does not apply to:
(1) life insurance;
(2) fire insurance;
(3) marine insurance;
(4) inland marine insurance;
(5) lightning insurance; or
(6) tornado insurance.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 481.009 491.001 491.002 491.003 491.004 491.005 491.051 491.052 492.001 492.002 492.003 492.051 492.052 492.053 492.054
Last modified: August 11, 2007
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