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Tex. Insurance Code § 884.501

DIRECT REINSURANCE AGREEMENTS BETWEEN STIPULATED PREMIUM COMPANIES

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 884.501, DIRECT REINSURANCE AGREEMENTS BETWEEN STIPULATED PREMIUM COMPANIES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/680041
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(a) Stipulated premium companies organized under this chapter may enter into a total or partial direct reinsurance agreement if the company assuming the policies under the agreement is authorized to transact the kinds of insurance provided by those policies. (b) Before a stipulated premium company may enter into a total direct reinsurance agreement: (1) the company must submit the agreement to the department; and (2) the department must approve the agreement as fully protecting the interests of all the holders of policies being assumed. (c) A partial direct reinsurance agreement shall be filed with the department before the effective date of the agreement.