Texas § 942.157 TRANSACTIONS BETWEEN CERTAIN INSURERS AND AFFILIATED EXCHANGES.

Texas Statutes

§ 942.157 — TRANSACTIONS BETWEEN CERTAIN INSURERS AND AFFILIATED EXCHANGES.

Texas § 942.157

Code INInsurance Code

This text of Texas § 942.157 (TRANSACTIONS BETWEEN CERTAIN INSURERS AND AFFILIATED EXCHANGES.) 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.

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Tex. Insurance Code Code Ann. § 942.157 (2026).

Text

Sec. 942.157. TRANSACTIONS BETWEEN CERTAIN INSURERS AND AFFILIATED EXCHANGES.

(a)In this section, "affiliate" has the meaning assigned by Section 823.003 .

(b)An insurer subject to Article 5.26 may not directly or indirectly assume all or a substantial part of any risk covered by a reciprocal or interinsurance contract written by an exchange that is an affiliate of that insurer if the risk is written at a rate less than the rate that may be lawfully charged by the insurer or any affiliate of the insurer that is subject to Article 5.26.

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Sec. 942.157. TRANSACTIONS BETWEEN CERTAIN INSURERS AND AFFILIATED EXCHANGES. (a) In this section, "affiliate" has the meaning assigned by Section 823.003 .
(b) An insurer subject to Article 5.26 may not directly or indirectly assume all or a substantial part of any risk covered by a reciprocal or interinsurance contract written by an exchange that is an affiliate of that insurer if the risk is written at a rate less than the rate that may be lawfully charged by the insurer or any affiliate of the insurer that is subject to Article 5.26.