Texas § 884.301 REINSURANCE OF POLICY.

Texas Statutes

§ 884.301 — REINSURANCE OF POLICY.

Texas § 884.301

Code INInsurance Code

This text of Texas § 884.301 (REINSURANCE OF POLICY.) 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. § 884.301 (2026).

Text

Sec. 884.301. REINSURANCE OF POLICY.

(a)A stipulated premium company may reinsure on an individual indemnity policy basis any risk or part of a risk that the company underwrites or assumes.

(b)The reinsurer must be a legal reserve company that:

(1)is authorized to write life, health, and accident insurance in this state; and

(2)has capital and surplus in an amount of at least $200,000.

(c)After reinsuring under Subsection (a), a stipulated premium company may take a credit for the reinsurance against the aggregate reserves required by Subchapter J.

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Sec. 884.301. REINSURANCE OF POLICY. (a) A stipulated premium company may reinsure on an individual indemnity policy basis any risk or part of a risk that the company underwrites or assumes.
(b) The reinsurer must be a legal reserve company that:
(1) is authorized to write life, health, and accident insurance in this state; and
(2) has capital and surplus in an amount of at least $200,000.
(c) After reinsuring under Subsection (a), a stipulated premium company may take a credit for the reinsurance against the aggregate reserves required by Subchapter J.