Tex. Ins. Code § 423.053

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 423.053 - Authority to Deposit Money in Account of Reinsurer

A reinsurance agreement between a domestic insurer and an affiliate, as described by Section 823.003, must specifically authorize the deposit of money from premiums to the account of the affiliate that assumes the reinsurance.

Tex. Ins. Code § 423.053

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