Tex. Insurance Code § 884.301
This is the official text of Tex. Insurance Code § 884.301, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 884.301. REINSURANCE OF POLICY.
Official statutory text
(a) A stipulated premium company may reinsure on an individual indemnity policy basis any risk or part of a risk that the company underwrites or assumes.
(b) The reinsurer must be a legal reserve company that:
(1) is authorized to write life, health, and accident insurance in this state; and
(2) has capital and surplus in an amount of at least $200,000.
(c) After reinsuring under Subsection (a), a stipulated premium company may take a credit for the reinsurance against the aggregate reserves required by Subchapter J.
(b) The reinsurer must be a legal reserve company that:
(1) is authorized to write life, health, and accident insurance in this state; and
(2) has capital and surplus in an amount of at least $200,000.
(c) After reinsuring under Subsection (a), a stipulated premium company may take a credit for the reinsurance against the aggregate reserves required by Subchapter J.
Status: in_force · Read it on the official government site
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