Tex. Insurance Code § 912.304
REINSURANCE
Texas · Texas Insurance Code · Status: effective
Cite this
- Citation
- Tex. Insurance Code § 912.304, REINSURANCE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/680438
- Permanent ID
ys:prov:680438@1- SHA-256
cefe0ec349f05ea89022932cd58fe82e9c104041e9fd313de2336c11275389d7
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) A county mutual insurance company may reinsure any or all of the company's risks with another company against any hazard against which the county mutual insurance company is permitted to insure.
(b) The county mutual insurance company may contract for mutual or reciprocal reinsurance with another company on the mutual or cooperative plan subject to the following conditions:
(1) the county mutual insurance company may assume the reinsurance on the risks of the other company only if the other company reinsures the risks of the county mutual insurance company; and
(2) the county mutual insurance company may write or assume the reinsurance only on property that the company is authorized to insure and that is located in this state.
(c) A county mutual insurance company that reinsures another company's property is liable for the losses of the other company only as specified in the reinsurance contract. The county mutual insurance company does not become a member or partner of the other company as a result of the reinsurance.
(d) A county mutual insurance company may pay or collect additional assessments or premiums for the purpose of a contract described by Subsection (b).