Tex. Insurance Code § 463.162
This is the official text of Tex. Insurance Code § 463.162, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 463.162. ASSIGNMENT OR TRANSFER OF CREDIT.
Official statutory 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.
(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.
Status: in_force · Read it on the official government site
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