Texas Insurance Code

§ 862.103 — REINSURANCE OR RESERVES REQUIRED FOR HOME WARRANTY INSURANCE COMPANIES

IN § 862.103Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part D. CASUALTY COMPANIES · Ch. 862. FIRE AND MARINE INSURANCE COMPANIES · Art. C. REINSURANCE AND RESERVES

Statute text

View on source

(a)An insurance company writing home warranty insurance in this state shall maintain reinsurance or unearned premium reserves on its policies in force.

(b)Reserves required by Subsection (a) shall be computed in the same manner and to the same extent as is fire insurance under Section 862.102.

Legislative history

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