Texas Insurance Code

§ 964.103 — SUBSCRIBER REQUIREMENTS

IN § 964.103Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part H. OTHER ENTITIES · Ch. 964. CAPTIVE INSURANCE COMPANIES · Art. C. CAPTIVE EXCHANGES

Statute text

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On and after the date of the captive exchange's formation, each subscriber of the captive exchange must:

(1)have an existing affiliation with each other subscriber; or

(2)satisfy the definition of a controlled unaffiliated business regardless of any affiliation relationship created by the captive exchange.

Legislative history

Added by Acts 2017, 85th Leg., R.S., Ch. 1050 (H.B. 1944), Sec. 2.01, eff. June 15, 2017.