Texas Statutes
§ 884.505 — EFFECT OF TOTAL DIRECT REINSURANCE AGREEMENT.
Texas § 884.505
JurisdictionTexas
Code INInsurance Code
This text of Texas § 884.505 (EFFECT OF TOTAL DIRECT REINSURANCE AGREEMENT.) 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. § 884.505 (2026).
Text
Sec. 884.505. EFFECT OF TOTAL DIRECT REINSURANCE AGREEMENT.
(a)A stipulated premium company that enters into a total direct reinsurance agreement under Section 884.501 or 884.502 under which it is the ceding company shall promptly surrender its certificate of authority to the department.
(b)The stipulated premium company's shareholders and board of directors shall effect the company's dissolution.
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Legislative History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Nearby Sections
15
§ 884.001
DEFINITION.§ 884.003
ADMITTED ASSETS.§ 884.051
FORMATION OF COMPANY.§ 884.052
ARTICLES OF INCORPORATION.§ 884.053
COMPANY'S NAME.§ 884.055
SHARES OF STOCK.§ 884.056
APPLICATION FOR CHARTER.§ 884.058
EXAMINATION AFTER DETERMINATION.§ 884.059
ACTION ON APPLICATION.§ 884.060
BEGINNING OF CORPORATE EXISTENCE.§ 884.061
ORGANIZATIONAL MEETING.§ 884.101
SCHEDULE OF ASSETS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 884.505, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/884.505.