Texas § 884.503 DIRECT REINSURANCE OF ACCIDENT OR HEALTH INSURANCE POLICIES.

Texas Statutes

§ 884.503 — DIRECT REINSURANCE OF ACCIDENT OR HEALTH INSURANCE POLICIES.

Texas § 884.503

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This text of Texas § 884.503 (DIRECT REINSURANCE OF ACCIDENT OR HEALTH INSURANCE POLICIES.) 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. § 884.503 (2026).

Text

Sec. 884.503. DIRECT REINSURANCE OF ACCIDENT OR HEALTH INSURANCE POLICIES.

(a)In the direct reinsurance of a stipulated premium accident or health insurance policy under Section 884.502 , the company assuming the policy under the agreement must assume the exact obligations of the policy.

(b)If a policy is non-cancellable or guaranteed renewable, the assuming company may include in the assumption certificate a premium redetermination clause instead of the clause required by Section 884.352 .

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Sec. 884.503. DIRECT REINSURANCE OF ACCIDENT OR HEALTH INSURANCE POLICIES. (a) In the direct reinsurance of a stipulated premium accident or health insurance policy under Section 884.502 , the company assuming the policy under the agreement must assume the exact obligations of the policy.
(b) If a policy is non-cancellable or guaranteed renewable, the assuming company may include in the assumption certificate a premium redetermination clause instead of the clause required by Section 884.352 .