Texas Insurance Code
§ 423.053 — AUTHORITY TO DEPOSIT MONEY IN ACCOUNT OF REINSURER
IN § 423.053Title 4. REGULATION OF SOLVENCY · Part B. RESERVES AND INVESTMENTS · Ch. 423. TRANSACTIONS WITH MONEY AND OTHER ASSETS · Art. B. TRANSACTIONS WITH MONEY
Statute text
View on sourceA reinsurance agreement between a domestic insurer and an affiliate, as described by Section 823.003, must specifically authorize the deposit of money from premiums to the account of the affiliate that assumes the reinsurance.
Legislative history
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.