Texas § 463.264 REINSURANCE.

Texas Statutes

§ 463.264 — REINSURANCE.

Texas § 463.264

Code INInsurance Code

This text of Texas § 463.264 (REINSURANCE.) 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. § 463.264 (2026).

Text

Sec. 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. SUBCHAPTER G. OPERATION OF IMPAIRED OR INSOLVENT INSURER

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Sec. 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.
SUBCHAPTER G. OPERATION OF IMPAIRED OR INSOLVENT INSURER