Tex. Ins. Code Section 402.103
Conditions Under Which Report Concerning Nonrenewal, Cancellation, or Revision Not Required

An insurer or health maintenance organization is not required to file a report under Section 402.002 (General Reporting Requirements) if the insurer’s or health maintenance organization’s ceded written premium of the total reserve credit taken for business ceded is, on an annual basis, less than an amount equal to:

(1)

10 percent of direct and assumed written premiums; or

(2)

10 percent of the statutory reserve requirement before a cession.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.

Source: Section 402.103 — Conditions Under Which Report Concerning Nonrenewal, Cancellation, or Revision Not Required, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­402.­htm#402.­103 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 402.103’s source at texas​.gov