{"data":{"id":"us-tx/tex.-insurance-code-493.001","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 493.001","heading":"DEFINITIONS.","body":"In this chapter:\n(1) \"Assuming insurer\" means an insurer that, under a reinsurance contract, incurs an obligation to a ceding insurer, the performance of which is contingent on the ceding insurer incurring liability or loss under the ceding insurer's insurance contract with a third person.\n(2) \"Qualified United States financial institution\" means an institution that:\n(A) is organized or, in the case of a United States branch or agency office of a foreign banking organization, licensed, under the laws of the United States or any state of the United States; and\n(B) is regulated, supervised, and examined by a federal or state authority that has regulatory authority over banks and trust companies.\nAdded by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.","path":["INSURANCE CODE","TITLE 4. REGULATION OF SOLVENCY","SUBTITLE F. REINSURANCE","CHAPTER 493. AUTHORIZED REINSURANCE; CREDIT AND ACCOUNTING","SUBCHAPTER A. GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.493.htm#493.001","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"c9a24f4eeaa36166dd5c3c0a348cfe6e5892cf9866f3673ffe30e70aca61cc97","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-491.052","next":"us-tx/tex.-insurance-code-493.002"},"notice":"GroundRules: Original legal text. Not legal advice."}