Texas § 941.154 ASSUMPTION OF RISK BY CERTAIN AFFILIATED INSURERS.

Texas Statutes

§ 941.154 — ASSUMPTION OF RISK BY CERTAIN AFFILIATED INSURERS.

Texas § 941.154

Code INInsurance Code

This text of Texas § 941.154 (ASSUMPTION OF RISK BY CERTAIN AFFILIATED INSURERS.) 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. § 941.154 (2026).

Text

Sec. 941.154. ASSUMPTION OF RISK BY CERTAIN AFFILIATED INSURERS. An insurer who is subject to Article 5.26 may not directly or indirectly assume all or a substantial part of a risk covered by a policy written by a Lloyd's plan that is an affiliate of the insurer if the risk is written at a rate less than the rate that may be lawfully charged by:

(1)the insurer; or

(2)one of the insurer's affiliates that is subject to Article 5.26.

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Sec. 941.154. ASSUMPTION OF RISK BY CERTAIN AFFILIATED INSURERS. An insurer who is subject to Article 5.26 may not directly or indirectly assume all or a substantial part of a risk covered by a policy written by a Lloyd's plan that is an affiliate of the insurer if the risk is written at a rate less than the rate that may be lawfully charged by:
(1) the insurer; or
(2) one of the insurer's affiliates that is subject to Article 5.26.