Texas Statutes
§ 493.054 — ACCOUNTING FOR REINSURANCE CONTRACTS.
Texas § 493.054
JurisdictionTexas
Code INInsurance Code
This text of Texas § 493.054 (ACCOUNTING FOR REINSURANCE CONTRACTS.) 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. § 493.054 (2026).
Text
Sec. 493.054. ACCOUNTING FOR REINSURANCE CONTRACTS.
(a)An insurer shall account for reinsurance contracts and shall record the contracts in the insurer's financial statements in a manner that accurately reflects the effect of the contracts on the insurer's financial condition.
(b)A reinsurance contract may contain a provision allowing the offset of mutual debts and credits between the ceding insurer and the assuming insurer, whether arising out of one or more reinsurance contracts.
(c)The commissioner may adopt reasonable rules relating to:
(1)the accounting and financial statement requirements of this section and the treatment of reinsurance contracts between insurers, including minimum risk transfer standards, asset debits or credits, reinsurance debits or credits, and reserve debits
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Legislative History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.
Nearby Sections
15
§ 493.001
DEFINITIONS.§ 493.002
APPLICABILITY OF CHAPTER.§ 493.003
RULES.§ 493.051
REINSURANCE AUTHORIZED.§ 493.053
FILING OF REINSURANCE SCHEDULES.§ 493.102
CREDIT FOR REINSURANCE GENERALLY.§ 493.103
ACCREDITED REINSURER.§ 493.1035
QUALIFIED JURISDICTIONS.§ 493.1036
REQUIREMENTS FOR CERTIFIED REINSURER.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 493.054, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/493.054.