Tex. Ins. Code Section 964.072
Approval of Captive Reinsurance Pools

Before determining whether to approve a captive insurance company’s participation in a captive reinsurance pool under Section 964.052 (Reinsurance), the commissioner may:

(1)

require the captive insurance company provide to the commissioner evidence that the captive reinsurance pool:

(A)

is composed only of other captive insurance companies holding a certificate of authority under this chapter or a similar law of another jurisdiction; and

(B)

will be able to meet the pool’s financial obligations; and

(2)

impose any other limitation or requirement on the captive insurance company that is necessary and proper to provide adequate security for the captive insurance company.

Added by Acts 2015, 84th Leg., R.S., Ch. 469 (S.B. 667), Sec. 4, eff. June 15, 2015.

Source: Section 964.072 — Approval of Captive Reinsurance Pools, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.964.htm#964.072 (accessed Jun. 5, 2024).

964.001
Definitions 964.002
Applicability of Other Laws 964.051
Authority to Write Direct Business 964.052
Reinsurance 964.053
Formation 964.054
Reserves and Accounting Basis 964.055
Certificate of Authority Required 964.056
Capital and Surplus or Equivalent Requirements 964.057
Application for Certificate of Authority 964.058
Examination by Commissioner 964.059
Action on Application 964.060
Annual Report 964.061
Investments 964.062
Amendments to Certificate of Formation or Governing Document 964.063
Dividends and Distributions 964.064
Prohibition on Joining or Contributing to Certain Entities and Funds 964.065
Suspension or Revocation of Certificate of Authority 964.066
Standards for Risk Management of Controlled Unaffiliated Business 964.067
Captive Managers 964.068
Maintenance Tax 964.069
Rulemaking Authority 964.070
Confidentiality 964.071
Redomestication 964.072
Approval of Captive Reinsurance Pools 964.073
Adjuster License Not Required 964.101
Applicability of Other Law 964.102
Status of Captive Exchanges 964.103
Subscriber Requirements 964.104
Attorney in Fact Requirements 964.105
Attorney in Fact Powers and Duties 964.106
Subscriber Declaration

Accessed:
Jun. 5, 2024

§ 964.072’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._ins._code_section_964.072

Original Source: Section 964.072 — Approval of Captive Reinsurance Pools, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.964.htm#964.072 (last accessed Jun. 5, 2024).