Tex. Ins. Code Section 423.053
Authority to Deposit Money in Account of Reinsurer

A reinsurance agreement between a domestic insurer and an affiliate, as described by Section 823.003 (Classification as Affiliate or Subsidiary), must specifically authorize the deposit of money from premiums to the account of the affiliate that assumes the reinsurance.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.

Source: Section 423.053 — Authority to Deposit Money in Account of Reinsurer, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­423.­htm#423.­053 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 423.053’s source at texas​.gov