Sec. 862.103. REINSURANCE OR RESERVES REQUIRED FOR HOME WARRANTY INSURANCE COMPANIES. (a) An insurance company writing home warranty insurance in this state shall maintain reinsurance or unearned premium reserves on its policies in force.
(b) Reserves required by Subsection (a) shall be computed in the same manner and to the same extent as is fire insurance under Section 862.102.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle D - Casualty Companies
Chapter 862 - Fire and Marine Insurance Companies
Subchapter C. Reinsurance and Reserves
Section 862.101. Fire and Allied Lines of Insurance: Authorized and Required Reinsurance
Section 862.102. Reinsurance or Reserves Required for Fire Insurance
Section 862.103. Reinsurance or Reserves Required for Home Warranty Insurance Companies
Section 862.104. Reserves Required for Ocean and Inland Marine Trip Insurance Companies