Section 463.264 - Reinsurance(a) The association may elect to succeed to the rights of an insolvent insurer under a contract of reinsurance to which the insolvent insurer is a party to the extent:(1) of the contractual obligations of the covered policies for which the association may become obligated; and(2) that the reinsurance contract provides coverage for losses occurring after the association is obligated to provide coverage.(b) As a condition to making an election under Subsection (a), the association shall pay all unpaid premiums due under the reinsurance contract to which Subsection (a) refers for coverage relating to a period before and after the date the association is obligated to provide coverage.Added by Acts 2011, 82nd Leg., R.S., Ch. 14, Sec. 10, eff. 9/1/2011.