{"data":{"id":"us-tx/tex.-insurance-code-493.052","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 493.052","heading":"LIMITATION ON REINSURANCE OF ENTIRE OUTSTANDING BUSINESS.","body":"(a) An insurer may not reinsure the insurer's entire outstanding business in an assuming insurer unless the assuming insurer is authorized to engage in the business of insurance in this state.\n(b) Before the date of reinsurance:\n(1) the reinsurance contract must be submitted to the commissioner; and\n(2) the commissioner must approve the contract as fully protecting the interests of all policyholders.\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 B. REINSURANCE"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.493.htm#493.052","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"aea5ac9d42120777a9121b2d3212a41c2e58b6e11fdd03be3c1a14a94ff7aff5","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-493.051","next":"us-tx/tex.-insurance-code-493.053"},"notice":"GroundRules: Original legal text. Not legal advice."}