Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Insurance Code § 942.157: TRANSACTIONS BETWEEN CERTAIN INSURERS AND AFFILIATED EXCHANGES.

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 942. RECIPROCAL AND INTERINSURANCE EXCHANGES
SUBCHAPTER D. OPERATION, POWERS, AND DUTIES OF EXCHANGE

(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.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Collected 2026-08-27T01:47:21Z. Source file · JSON

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