Tex. Insurance Code § 463.264
REINSURANCE
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 463.264, REINSURANCE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/677955
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Full text
(a) The association may elect to succeed to the rights of an insolvent insurer under a contract of reinsurance to which the insolvent insurer is a party to the extent:
(1) of the contractual obligations of the covered policies for which the association may become obligated; and
(2) that the reinsurance contract provides coverage for losses occurring after the association is obligated to provide coverage.
(b) As a condition to making an election under Subsection (a), the association shall pay all unpaid premiums due under the reinsurance contract to which Subsection (a) refers for coverage relating to a period before and after the date the association is obligated to provide coverage.