Texas Statutes
§ 423.053 — AUTHORITY TO DEPOSIT MONEY IN ACCOUNT OF REINSURER.
Texas § 423.053
JurisdictionTexas
Code INInsurance Code
This text of Texas § 423.053 (AUTHORITY TO DEPOSIT MONEY IN ACCOUNT OF REINSURER.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Insurance Code Code Ann. § 423.053 (2026).
Text
Sec. 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.
SUBCHAPTER C. TRANSACTIONS WITH OTHER ASSETS
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.
Nearby Sections
15
§ 423.001
APPLICABILITY OF CHAPTER.§ 423.003
RULES.§ 423.004
STATUTORY DEPOSITS WITH DEPARTMENT.§ 423.051
DEPOSIT AND INVESTMENT OF MONEY.§ 423.052
MONEY HELD IN POOLING ACCOUNT.§ 423.101
DEFINITION.§ 423.102
DEPOSIT AND HOLDING OF SECURITIES.§ 423.104
PROOF OF OWNERSHIP OF SECURITIES.§ 423.106
REQUIRED EVIDENCE FOR SECURITIES.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 423.053, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/423.053.