{"data":{"id":"us-tx/tex.-insurance-code-884.503","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 884.503","heading":"DIRECT REINSURANCE OF ACCIDENT OR HEALTH INSURANCE POLICIES.","body":"(a) In the direct reinsurance of a stipulated premium accident or health insurance policy under Section 884.502, the company assuming the policy under the agreement must assume the exact obligations of the policy.\n(b) If a policy is non-cancellable or guaranteed renewable, the assuming company may include in the assumption certificate a premium redetermination clause instead of the clause required by Section 884.352.\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#884.503","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"635e7fbe421d584b0e7ad8ea75373e25a8e0b6044a6f9977f94c7c162bebbfe8","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-884.502","next":"us-tx/tex.-insurance-code-884.504"},"notice":"GroundRules: Original legal text. Not legal advice."}