Texas § 493.103 ACCREDITED REINSURER.

Texas Statutes

§ 493.103 — ACCREDITED REINSURER.

Texas § 493.103

Code INInsurance Code

This text of Texas § 493.103 (ACCREDITED 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. § 493.103 (2026).

Text

Sec. 493.103. ACCREDITED REINSURER. For purposes of Section 493.102 (a)(2), an insurer is accredited as a reinsurer in this state if the insurer:

(1)submits to this state's jurisdiction;

(2)submits to this state's authority to examine the insurer's books and records;

(3)is domiciled and authorized to engage in the business of insurance or reinsurance in at least one state or, if the insurer is a United States branch of an alien assuming insurer, is entered through and authorized to engage in the business of insurance or reinsurance in at least one state;

(4)annually files with the department a copy of the annual statement the insurer files with the insurance department of the insurer's state of domicile; and

(5)maintains a surplus as regards policyholders in an amount of at least $20

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 493.103. ACCREDITED REINSURER. For purposes of Section 493.102 (a)(2), an insurer is accredited as a reinsurer in this state if the insurer:
(1) submits to this state's jurisdiction;
(2) submits to this state's authority to examine the insurer's books and records;
(3) is domiciled and authorized to engage in the business of insurance or reinsurance in at least one state or, if the insurer is a United States branch of an alien assuming insurer, is entered through and authorized to engage in the business of insurance or reinsurance in at least one state;
(4) annually files with the department a copy of the annual statement the insurer files with the insurance department of the insurer's state of domicile; and
(5) maintains a surplus as regards policyholders in an amount of at least $20 million.