Texas § 841.409 SCOPE OF CERTIFICATE OF AUTHORITY.

Texas Statutes

§ 841.409 — SCOPE OF CERTIFICATE OF AUTHORITY.

Texas § 841.409

Code INInsurance Code

This text of Texas § 841.409 (SCOPE OF CERTIFICATE OF AUTHORITY.) 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. § 841.409 (2026).

Text

Sec. 841.409. SCOPE OF CERTIFICATE OF AUTHORITY.

(a)A limited purpose subsidiary life insurance company that has been issued a certificate of authority may reinsure only the risks of a ceding insurer. A limited purpose subsidiary life insurance company may not otherwise engage in the business of insurance.

(b)A limited purpose subsidiary life insurance company may purchase reinsurance to cede the risks assumed under a reinsurance contract.

(c)A limited purpose subsidiary life insurance company organized under this subchapter is considered to be licensed to transact the business of reinsurance for the purposes of Section 493.051 , but may only reinsure risks of the company's affiliated companies.

(d)A limited purpose subsidiary life insurance company shall provide the commissioner with

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Sec. 841.409. SCOPE OF CERTIFICATE OF AUTHORITY. (a) A limited purpose subsidiary life insurance company that has been issued a certificate of authority may reinsure only the risks of a ceding insurer. A limited purpose subsidiary life insurance company may not otherwise engage in the business of insurance.
(b) A limited purpose subsidiary life insurance company may purchase reinsurance to cede the risks assumed under a reinsurance contract.
(c) A limited purpose subsidiary life insurance company organized under this subchapter is considered to be licensed to transact the business of reinsurance for the purposes of Section 493.051 , but may only reinsure risks of the company's affiliated companies.
(d) A limited purpose subsidiary life insurance company shall provide the commissioner with notice of any change in the company's business plan required by Section 841.405 , including any material change in the methods used to comply with Section 841.413 .

Legislative History

Added by Acts 2011, 82nd Leg., R.S., Ch. 1173 (H.B. 3161 ), Sec. 1, eff. June 17, 2011. Amended by: Acts 2017, 85th Leg., R.S., Ch. 594 (S.B. 1070 ), Sec. 3.06, eff. September 1, 2017.