Tex. Insurance Code § 941.156: REINSURANCE PERMITTED.
Where this section sits in the code
- INSURANCE CODE
- TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES
- SUBTITLE G. LLOYD'S PLAN AND RECIPROCAL AND INTERINSURANCE EXCHANGES
- CHAPTER 941. LLOYD'S PLAN
- SUBCHAPTER D. OPERATION, POWERS, AND DUTIES OF LLOYD'S PLAN
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).
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Collected 2026-08-27T01:47:21Z. Source file · JSON