Texas Insurance Code Title 6, Chapter 828 - Purchase Of Stock For Total Assumption Reinsurance

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 828.001 - Authority To Purchase Stock For Total Assumption Reinsurance
  This code does not affect the right of a life insurance company organized or operating under Chapter 841, 882, or 982 to purchase or contract...
• Texas Section 828.002 - Effect On Antitrust Laws
  This chapter does not affect in any manner the antitrust laws of this state. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff....

SUBCHAPTER B EXCEPTION TO INVESTMENT LIMITATION

• Texas Section 828.003 - Investments Of Reinsured Company
  The investments of a company reinsured under this chapter are subject to Section 824.102 as if the company had been merged or consolidated. Added by...
• Texas Section 828.051 - Exception To Limitation On Purchasing Shares Of Other Company
  Subchapters C and D, Chapter 425, do not apply to a purchase or contract described by Section 828.001 if all requirements of this subchapter are...
• Texas Section 828.052 - Resolution Of Intention To Reinsure
  The intention to reinsure must be evidenced by a resolution adopted by the board of directors of the purchasing company on or before the purchase...
• Texas Section 828.053 - Minimum Stock Acquisition
  The purchasing company shall obtain or seek to obtain at least the number of shares of the other insurance company necessary to vote an approval...
• Texas Section 828.054 - Approval Required
  A purchase, offer to purchase, tender offer, request to purchase, or invitation to purchase shares in excess of the limits imposed under Subchapter C or...
• Texas Section 828.055 - Restrictions On Reinsured Company
  Following the earlier of the date of the contract to purchase the shares or the date of the commissioner's approval of the purchase, offer to...
• Texas Section 828.056 - Required Effective Date Of Reinsurance Agreement; Effect Of Failure To Meet Required Effective Date
  (a) The reinsurance agreement must take effect on or before December 31 of the second year after the earlier of the year in which the...
• Texas Section 828.057 - Prohibition On Use Of Purchasing Company's Capital, Surplus, Or Reserves
  Amounts actually paid by the purchasing company for the purchase of shares acquired or obtained under this subchapter may not include the minimum capital, minimum...

Last modified: September 28, 2016