Sec. 841.401. PURPOSE. The purpose of this subchapter is to authorize the establishment of domestic limited purpose subsidiary life insurance companies to enable those companies to support excess reserves for certain life insurance policies.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1173 (H.B. 3161), Sec. 1, eff. June 17, 2011.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle C - Life, Health, and Accident Insurers and Related Entities
Chapter 841 - Life, Health, or Accident Insurance Companies
Subchapter I. Limited Purpose Subsidiary Life Insurance Companies
Section 841.403. Organizational Documents
Section 841.404. Certificate of Authority Required
Section 841.405. Application for Certificate of Authority
Section 841.406. Investment of Certain Surplus by Organizing Company
Section 841.407. Officers and Directors
Section 841.408. Issuance of Certificate of Authority
Section 841.409. Scope of Certificate of Authority
Section 841.410. Capital and Surplus
Section 841.411. Foreclosure on Collateral
Section 841.413. Permitted Reinsurance
Section 841.414. Reports on Reserves and Risk-Based Capital
Section 841.415. Other Laws Not Applicable
Section 841.416. Applicability of Other Law
Section 841.417. Guaranty Requirements
Section 841.418. Sunset Provision