Sec. 862.104. RESERVES REQUIRED FOR OCEAN AND INLAND MARINE TRIP INSURANCE COMPANIES. The total of the premiums on ocean and inland marine trip insurance risks not terminated is considered to be unearned, and the insurance company shall maintain a reserve equal to the total of the premiums for those policies.
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