Sec. 982.302. REINSURANCE NOT PROHIBITED. This chapter does not prohibit a foreign insurance company from:
(1) reinsuring a domestic insurance company; or
(2) locating in this state, if the company does not directly insure persons domiciled in this state or insure against risks located in this state.
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 I - Surplus Lines Insurers; Companies Not Organized in Texas
Chapter 982 - Foreign and Alien Insurance Companies
Subchapter F. Provisions Applicable to Certain Companies
Section 982.301. Applicability of Subchapter
Section 982.302. Reinsurance Not Prohibited
Section 982.303. Texas Law Accepted
Section 982.304. Same or Deceptively Similar Name
Section 982.305. Limitation on Actions in Other State Courts