Texas § 494.002 AUTHORITY TO REINSURE.

Texas Statutes

§ 494.002 — AUTHORITY TO REINSURE.

Texas § 494.002

Code INInsurance Code

This text of Texas § 494.002 (AUTHORITY TO REINSURE.) 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. § 494.002 (2026).

Text

Sec. 494.002. AUTHORITY TO REINSURE.

(a)A domestic insurance company as defined by Section 841.001 , alone or together with another insurer, may reinsure any liability, property, casualty, collision, personal injury, death, or other risk relating to, arising from, or incident to the manufacture, ownership, custody, or operation of an aircraft or any space equipment, subject to any just and reasonable limitation imposed by the commissioner.

(b)A limitation imposed by the commissioner must be consistent with the purposes of this chapter.

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Sec. 494.002. AUTHORITY TO REINSURE. (a) A domestic insurance company as defined by Section 841.001 , alone or together with another insurer, may reinsure any liability, property, casualty, collision, personal injury, death, or other risk relating to, arising from, or incident to the manufacture, ownership, custody, or operation of an aircraft or any space equipment, subject to any just and reasonable limitation imposed by the commissioner.
(b) A limitation imposed by the commissioner must be consistent with the purposes of this chapter.

Legislative History

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.

Nearby Sections

3

§ 494.001

DEFINITIONS.

§ 494.002

AUTHORITY TO REINSURE.

§ 494.003

REQUIREMENT FOR CEDING INSURER.

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Texas § 494.002, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/494.002.