Texas § 964.072 APPROVAL OF CAPTIVE REINSURANCE POOLS.

Texas Statutes

§ 964.072 — APPROVAL OF CAPTIVE REINSURANCE POOLS.

Texas § 964.072

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 964.072 (2026).

Text

Sec. 964.072. APPROVAL OF CAPTIVE REINSURANCE POOLS. Before determining whether to approve a captive insurance company's participation in a captive reinsurance pool under Section 964.052 , the commissioner may:

(1)require the captive insurance company provide to the commissioner evidence that the captive reinsurance pool:

(A)is composed only of other captive insurance companies holding a certificate of authority under this chapter or a similar law of another jurisdiction; and

(B)will be able to meet the pool's financial obligations; and

(2)impose any other limitation or requirement on the captive insurance company that is necessary and proper to provide adequate security for the captive insurance company.

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Sec. 964.072. APPROVAL OF CAPTIVE REINSURANCE POOLS. Before determining whether to approve a captive insurance company's participation in a captive reinsurance pool under Section 964.052 , the commissioner may:
(1) require the captive insurance company provide to the commissioner evidence that the captive reinsurance pool:
(A) is composed only of other captive insurance companies holding a certificate of authority under this chapter or a similar law of another jurisdiction; and
(B) will be able to meet the pool's financial obligations; and
(2) impose any other limitation or requirement on the captive insurance company that is necessary and proper to provide adequate security for the captive insurance company.