Texas Insurance Code

§ 941.156 — REINSURANCE PERMITTED

IN § 941.156Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part G. LLOYD'S PLAN AND RECIPROCAL AND INTERINSURANCE EXCHANGES · Ch. 941. LLOYD'S PLAN · Art. D. OPERATION, POWERS, AND DUTIES OF LLOYD'S PLAN

Statute text

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This chapter does not prevent a domestic Lloyd's plan from reinsuring:

(1)the Lloyd's plan's excess lines with a solvent foreign Lloyd's plan acceptable to the department that does not hold a certificate of authority to engage in the business of insurance in this state; or

(2)any business from a foreign Lloyd's plan described by Subdivision (1).

Legislative history

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