Tex. Ins. Code § 402.103

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 402.103 - Conditions Under Which Report Concerning Nonrenewal, Cancellation, or Revision Not Required

An insurer or health maintenance organization is not required to file a report under Section 402.002 if the insurer's or health maintenance organization's ceded written premium of the total reserve credit taken for business ceded is, on an annual basis, less than an amount equal to:

(1) 10 percent of direct and assumed written premiums; or

(2) 10 percent of the statutory reserve requirement before a cession.

Tex. Ins. Code § 402.103

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 1, eff. 4/1/2007.