Tex. Insurance Code § 463.162
ASSIGNMENT OR TRANSFER OF CREDIT
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 463.162, ASSIGNMENT OR TRANSFER OF CREDIT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/677932
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Full text
(a) A member insurer may assign or transfer a credit against premium tax to another member insurer if:
(1) an acquisition, merger, or total assumption of reinsurance occurs between the insurers; or
(2) the commissioner by order approves the assignment or transfer.
(b) Not later than the later of November 1 or the 60th day after the date of the assignment or transfer, each member insurer shall:
(1) report the assignment or transfer to the comptroller on a form the comptroller prescribes; and
(2) include with the report any documents from the commissioner that show approval of the assignment or transfer.