Tex. Insurance Code § 884.560
This is the official text of Tex. Insurance Code § 884.560, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 884.560. ASSUMPTION CERTIFICATE.
Official statutory text
Immediately after ratification of the reinsurance agreement under Section 884.556, the stipulated premium company shall issue to each member of the mutual assessment company an assumption certificate that states:
(1) the terms of the assumption; and
(2) the reserve and interest table under which the policy is assumed.
(1) the terms of the assumption; and
(2) the reserve and interest table under which the policy is assumed.
Status: in_force · Read it on the official government site
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