Texas Insurance Code - Section 492.051. Reinsurance Authorized
Legal Research Home >
Texas Lawyer > Insurance Code > Texas Insurance Code - Section 492.051. Reinsurance Authorized
§ 492.051. REINSURANCE AUTHORIZED. (a) An insurer
authorized to engage in the business of insurance in this state may
reinsure in any solvent assuming insurer any risk or part of a risk
that both insurers are authorized to assume.
(b) A life insurance company authorized to engage in
business in this state may provide reinsurance on the same basis as
an insurer described by Section 493.051(b).
(c) The commissioner may adopt necessary and reasonable
rules under Subsection (b) to protect the public interest.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 491.004 491.005 491.051 491.052 492.001 492.002 492.003 492.051 492.052 492.053 492.054 492.055 492.056 492.101 492.102
Last modified: August 10, 2007
|
