Tex. Ins. Code § 402.104

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

Section 402.104 - Content of Report Concerning Material Nonrenewals, Cancellations, and Revisions

In a report of a material nonrenewal, cancellation, or revision of a ceded reinsurance agreement under Section 402.002, an insurer or health maintenance organization shall disclose:

(1) the effective date of the nonrenewal, cancellation, or revision;

(2) a description of the transaction that identifies the initiator of the transaction;

(3) the purpose of the transaction; and

(4) if applicable, the identity of each replacement reinsurer.

Tex. Ins. Code § 402.104

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