§ 827.002 — EXEMPTION.

Texas § 827.002

• Jurisdiction: Texas
• Code IN: Insurance Code

Text

Sec. 827.002. EXEMPTION. This chapter does not apply to a transfer of business from an insurer to a company that:
(1) is within the same insurance group as the insurer;
(2) is authorized to engage in the business of insurance in this state; and
(3) is not a reciprocal or interinsurance exchange, a Lloyd's plan, a county mutual insurance company, or a farm mutual insurance company.

Legislative History

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by Acts 2003, 78th Leg., ch. 206, Sec. 10.02, eff. June 1, 2003.