Texas § 491.004 RISK LIMITATION FOR ALIEN INSURER.

Texas Statutes

§ 491.004 — RISK LIMITATION FOR ALIEN INSURER.

Texas § 491.004

Code INInsurance Code

This text of Texas § 491.004 (RISK LIMITATION FOR ALIEN INSURER.) 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.

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Tex. Insurance Code Code Ann. § 491.004 (2026).

Text

Sec. 491.004. RISK LIMITATION FOR ALIEN INSURER. An insurer incorporated under the laws of a jurisdiction other than this state, another state, or the United States and authorized to engage in business in this state may not, unless the insurer reinsures the excess in another solvent insurer, expose itself to a loss or hazard on a single risk in an amount that exceeds the sum of:

(1)10 percent of the insurer's deposit with the statutory officer in the state through which the insurer is authorized to engage in business in the United States; and

(2)10 percent of the other surplus for policyholders of the insurer's United States branch.

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Sec. 491.004. RISK LIMITATION FOR ALIEN INSURER. An insurer incorporated under the laws of a jurisdiction other than this state, another state, or the United States and authorized to engage in business in this state may not, unless the insurer reinsures the excess in another solvent insurer, expose itself to a loss or hazard on a single risk in an amount that exceeds the sum of:
(1) 10 percent of the insurer's deposit with the statutory officer in the state through which the insurer is authorized to engage in business in the United States; and
(2) 10 percent of the other surplus for policyholders of the insurer's United States branch.