Sec. 912.005. LIMITATION ON TRANSFER OF BUSINESS TO COUNTY MUTUAL INSURANCE COMPANY. An insurer may not transfer more than 10 percent of the insurer's insurance policies to a county mutual insurance company without the prior approval of the commissioner.
Added by Acts 2003, 78th Leg., ch. 206, Sec. 21.405, eff. June 11, 2003.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle F - Farm and County Mutual Insurance Companies
Chapter 912 - County Mutual Insurance Companies
Subchapter A. General Provisions
Section 912.002. Limited Exemption From Insurance Laws; Applicability of Certain Laws
Section 912.004. Formation of New County Mutual Company Prohibited
Section 912.005. Limitation on Transfer of Business to County Mutual Insurance Company