{"data":{"id":"us-tx/tex.-insurance-code-4152.214","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 4152.214","heading":"PLACEMENT OF REINSURANCE WITH UNAUTHORIZED REINSURER.","body":"(a) Unless the ceding insurer releases the manager in writing from the manager's obligations under this section, a manager who places reinsurance on behalf of an authorized ceding insurer with a reinsurer that is not authorized, accredited, or trusteed in this state under Chapter 493 shall:\n(1) exercise due diligence in inquiring into the financial condition of the reinsurer;\n(2) disclose to the ceding insurer the manager's findings in connection with the inquiry under Subdivision (1); and\n(3) make available to the ceding insurer a copy of the current financial statement of the reinsurer.\n(b) A ceding insurer that releases a manager from the manager's obligations under Subsection (a) assumes those obligations.\nAdded by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.\nAmended by:\nActs 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2J.007, eff. April 1, 2009.\nActs 2017, 85th Leg., R.S., Ch. 594 (S.B. 1070), Sec. 3.15, eff. September 1, 2017.","path":["INSURANCE CODE","TITLE 13. REGULATION OF PROFESSIONALS","SUBTITLE D. OTHER PROFESSIONALS","CHAPTER 4152. REINSURANCE INTERMEDIARIES","SUBCHAPTER E. REQUIREMENTS RELATING TO MANAGERS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.4152.htm#4152.214","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"3efa3660162a3dcd5ca6da81a2c94ce2bb083e45f351f7dd506bf7a9dd37d275","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-4152.213","next":"us-tx/tex.-insurance-code-4152.215"},"notice":"GroundRules: Original legal text. Not legal advice."}