Texas Administrative Code
Title 28 - INSURANCE
Part 1 - TEXAS DEPARTMENT OF INSURANCE
Chapter 7 - CORPORATE AND FINANCIAL REGULATION
Subchapter F - REINSURANCE
Section 7.603 - Prohibition against Reinsurance with Assuming Insurers not Authorized to do the Business of Insurance in Texas

Universal Citation: 28 TX Admin Code § 7.603
Current through Reg. 50, No. 13; March 28, 2025

Notwithstanding any other section in this subchapter, an insurer operating under Insurance Code § 841.204 having less than the minimum capital and surplus required for the formation of new companies under Insurance Code § 841.054 is prohibited from ceding an insurance risk of loss or part of an insurance risk of loss with any assuming insurer not authorized to do the business of insurance in Texas.

Disclaimer: These regulations may not be the most recent version. Texas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.