{"data":{"id":"us-tx/tex.-insurance-code-884.501","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 884.501","heading":"DIRECT REINSURANCE AGREEMENTS BETWEEN STIPULATED PREMIUM COMPANIES.","body":"(a) Stipulated premium companies organized under this chapter may enter into a total or partial direct reinsurance agreement if the company assuming the policies under the agreement is authorized to transact the kinds of insurance provided by those policies.\n(b) Before a stipulated premium company may enter into a total direct reinsurance agreement:\n(1) the company must submit the agreement to the department; and\n(2) the department must approve the agreement as fully protecting the interests of all the holders of policies being assumed.\n(c) A partial direct reinsurance agreement shall be filed with the department before the effective date of the agreement.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES","CHAPTER 884. STIPULATED PREMIUM INSURANCE COMPANIES","SUBCHAPTER K. DIRECT REINSURANCE AGREEMENTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.884.htm#884.501","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"4a3a9c4318aefc4b6484aaaa1cb134703c2c5106cb19007aeb8523bdb95898bb","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-884.456","next":"us-tx/tex.-insurance-code-884.502"},"notice":"GroundRules: Original legal text. Not legal advice."}