Texas Insurance Code

§ 828.052 — RESOLUTION OF INTENTION TO REINSURE

IN § 828.052Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part B. ORGANIZATION OF REGULATED ENTITIES · Ch. 828. PURCHASE OF STOCK FOR TOTAL ASSUMPTION REINSURANCE · Art. B. EXCEPTION TO INVESTMENT LIMITATION

Statute text

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The intention to reinsure must be evidenced by a resolution adopted by the board of directors of the purchasing company on or before the purchase of the shares or the execution of a contract to purchase the shares.

Legislative history

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