Sec. 964.066. STANDARDS FOR RISK MANAGEMENT OF CONTROLLED UNAFFILIATED BUSINESS. The commissioner may adopt rules establishing standards to ensure that an affiliated company is able to exercise control of the risk management function of any controlled unaffiliated business to be insured by the captive insurance company. Until rules under this section are adopted, the commissioner may approve the coverage of these risks by a captive insurance company.
Added by Acts 2013, 83rd Leg., R.S., Ch. 569 (S.B. 734), Sec. 2, eff. June 14, 2013.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Chapter 964 - Captive Insurance Companies
Subchapter B. Captive Insurance Companies
Section 964.051. Authority to Write Direct Business
Section 964.054. Reserves and Accounting Basis
Section 964.055. Certificate of Authority Required
Section 964.056. Capital and Surplus or Equivalent Requirements
Section 964.057. Application for Certificate of Authority
Section 964.058. Examination by Commissioner
Section 964.059. Action on Application
Section 964.060. Annual Report
Section 964.062. Amendments to Certificate of Formation or Governing Document
Section 964.063. Dividends and Distributions
Section 964.064. Prohibition on Joining or Contributing to Certain Entities and Funds
Section 964.065. Suspension or Revocation of Certificate of Authority
Section 964.066. Standards for Risk Management of Controlled Unaffiliated Business
Section 964.067. Captive Managers
Section 964.068. Maintenance Tax
Section 964.069. Rulemaking Authority
Section 964.070. Confidentiality
Section 964.071. Redomestication