Texas Insurance Code

§ 827.002 — EXEMPTION

IN § 827.002Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part B. ORGANIZATION OF REGULATED ENTITIES · Ch. 827. WITHDRAWAL AND RESTRICTION PLANS

Statute text

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This chapter does not apply to a transfer of business from an insurer to a company that:

(1)is within the same insurance group as the insurer;

(2)is authorized to engage in the business of insurance in this state; and

(3)is not a reciprocal or interinsurance exchange, a Lloyd's plan, a county mutual insurance company, or a farm mutual insurance company.

Legislative history

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by Acts 2003, 78th Leg., ch. 206, Sec. 10.02, eff. June 1, 2003.