Tex. Ins. Code Section 941.154
Assumption of Risk by Certain Affiliated Insurers

An insurer who is subject to Article 5.26 may not directly or indirectly assume all or a substantial part of a risk covered by a policy written by a Lloyd’s plan that is an affiliate of the insurer if the risk is written at a rate less than the rate that may be lawfully charged by:

(1)

the insurer; or

(2)

one of the insurer’s affiliates that is subject to Article 5.26.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Source: Section 941.154 — Assumption of Risk by Certain Affiliated Insurers, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­941.­htm#941.­154 (accessed Jun. 5, 2024).

Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 941.154’s source at texas​.gov