Sec. 493.051. 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 by law to assume.
(b) An insurer authorized to engage in business in this state may provide reinsurance under this chapter on any line of insurance in which the insurer is authorized to engage in this state.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Amended by:
Acts 2017, 85th Leg., R.S., Ch. 594 (S.B. 1070), Sec. 2.03, eff. September 1, 2017.
Structure Texas Statutes
Title 4 - Regulation of Solvency
Chapter 493 - Authorized Reinsurance; Credit and Accounting
Section 493.051. Reinsurance Authorized
Section 493.052. Limitation on Reinsurance of Entire Outstanding Business
Section 493.053. Filing of Reinsurance Schedules