Tex. Ins. Code Section 493.1037
Certification by National Association of Insurance Commissioners

If an applicant for certification has been certified as a reinsurer in a National Association of Insurance Commissioners accredited jurisdiction:

(1)

the commissioner may make a determination to defer to the accredited jurisdiction’s certification and the financial strength rating assigned by that jurisdiction; and

(2)

if the commissioner makes the determination authorized by Subdivision (1), the applicant shall be considered to be a certified reinsurer in this state.
Added by Acts 2017, 85th Leg., R.S., Ch. 594 (S.B. 1070), Sec. 2.05, eff. September 1, 2017.

Source: Section 493.1037 — Certification by National Association of Insurance Commissioners, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­493.­htm#493.­1037 (accessed Apr. 29, 2024).

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Accessed:
Apr. 29, 2024

§ 493.1037’s source at texas​.gov