Texas Statutes
Subchapter D. Requirements for Certificate of Authority
Section 407.067. Excess Insurance; Reinsurance; Administrative Violation

Sec. 407.067. EXCESS INSURANCE; REINSURANCE; ADMINISTRATIVE VIOLATION. (a) Each applicant shall obtain excess insurance or reinsurance to cover liability for losses not paid by the self-insurer in an amount not less than the amount required by the commissioner.
(b) The commissioner shall require excess insurance or reinsurance in at least the amount of $5 million per occurrence.
(c) A certified self-insurer shall notify the division not later than the 10th day after the date on which the certified self-insurer has notice of the cancellation or termination of excess insurance or reinsurance coverage required under this section.
(d) A person commits an administrative violation if the person violates Subsection (c).
Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff. Sept. 1, 1993.
Amended by:
Acts 2005, 79th Leg., Ch. 265 (H.B. 7), Sec. 3.056, eff. September 1, 2005.

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