Texas Insurance Code
Sec. § 964.103
Subscriber Requirements

On and after the date of the captive exchange’s formation, each subscriber of the captive exchange must:

(1)

have an existing affiliation with each other subscriber; or

(2)

satisfy the definition of a controlled unaffiliated business regardless of any affiliation relationship created by the captive exchange.

Added by Acts 2017, 85th Leg., R.S., Ch. 1050 (H.B. 1944), Sec. 2.01, eff. June 15, 2017.

Source

Tex. Legislature

Last accessed

Sep. 28, 2020