Texas Insurance Code - Section 494.002. Authority To Reinsure
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§ 494.002. AUTHORITY TO REINSURE. (a) A domestic
insurance company as defined by Section 841.001, alone or together
with another insurer, may reinsure any liability, property,
casualty, collision, personal injury, death, or other risk relating
to, arising from, or incident to the manufacture, ownership,
custody, or operation of an aircraft or any space equipment,
subject to any just and reasonable limitation imposed by the
commissioner.
(b) A limitation imposed by the commissioner must be
consistent with the purposes of this chapter.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 493.152 493.153 493.154 493.155 493.156 493.157 494.001 494.002 494.003 501.001 501.002 501.003 501.004 501.005 501.051
Last modified: August 10, 2007
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