Texas § 941.156 REINSURANCE PERMITTED.

Texas Statutes

§ 941.156 — REINSURANCE PERMITTED.

Texas § 941.156

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 941.156 (2026).

Text

Sec. 941.156. REINSURANCE PERMITTED. This chapter does not prevent a domestic Lloyd's plan from reinsuring:

(1)the Lloyd's plan's excess lines with a solvent foreign Lloyd's plan acceptable to the department that does not hold a certificate of authority to engage in the business of insurance in this state; or

(2)any business from a foreign Lloyd's plan described by Subdivision (1). SUBCHAPTER E. FINANCIAL REQUIREMENTS

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Sec. 941.156. REINSURANCE PERMITTED. This chapter does not prevent a domestic Lloyd's plan from reinsuring:
(1) the Lloyd's plan's excess lines with a solvent foreign Lloyd's plan acceptable to the department that does not hold a certificate of authority to engage in the business of insurance in this state; or
(2) any business from a foreign Lloyd's plan described by Subdivision (1).
SUBCHAPTER E. FINANCIAL REQUIREMENTS