Tex. Ins. Code Section 493.103
Accredited Reinsurer

For purposes of Section 493.102 (Credit for Reinsurance Generally)(a)(2), an insurer is accredited as a reinsurer in this state if the insurer:

(1)

submits to this state’s jurisdiction;

(2)

submits to this state’s authority to examine the insurer’s books and records;

(3)

is domiciled and authorized to engage in the business of insurance or reinsurance in at least one state or, if the insurer is a United States branch of an alien assuming insurer, is entered through and authorized to engage in the business of insurance or reinsurance in at least one state;

(4)

annually files with the department a copy of the annual statement the insurer files with the insurance department of the insurer’s state of domicile; and

(5)

maintains a surplus as regards policyholders in an amount of at least $20 million.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.

Source: Section 493.103 — Accredited Reinsurer, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­493.­htm#493.­103 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 493.103’s source at texas​.gov