Tex.
Ins. Code Section 2210.705
Transfer of Policies
(1)
the opportunity for the policyholder to opt out of the reinsurance agreement not more than 60 days after the policyholder receives notice of the reinsurance agreement;(2)
a transfer of the earned premium on a reinsured policy to a trust account to be held until the expiration of the opt-out period described by Subdivision (1) when the earned premium for the final reinsured policy will be transferred to the reinsurer;(3)
a period of not less than 60 days for the agent of record to accept an appointment or other written agreement with the reinsurer; and(4)
any other requirements as the commissioner determines necessary for the protection of policyholders and the policyholders’ agents.
Source:
Section 2210.705 — Transfer of Policies, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2210.htm#2210.705 (accessed May 26, 2025).
