28 Tex. Admin. Code § 19.1404

Current through Reg. 49, No. 36; September 6, 2024
Section 19.1404 - Requirements for Interim Profit-Sharing by a Manager

If the contract between an insurer and its manager provides for a sharing of interim profits by the manager, interim profits may not be paid until five years after the end of each underwriting period for casualty business, one year after the end of each underwriting period for property business, and one year after the end of each underwriting period for accident and health insurance and all other lines of insurance.

28 Tex. Admin. Code § 19.1404

The provisions of this §19.1404 adopted to be effective April 13, 1992, 17 TexReg 2276.