Tex. Insurance Code § 941.156
This is the official text of Tex. Insurance Code § 941.156, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 941.156. REINSURANCE PERMITTED.
Official statutory text
This chapter does not prevent a domestic Lloyd's plan from reinsuring:
(1) the Lloyd's plan's excess lines with a solvent foreign Lloyd's plan acceptable to the department that does not hold a certificate of authority to engage in the business of insurance in this state; or
(2) any business from a foreign Lloyd's plan described by Subdivision (1).
(1) the Lloyd's plan's excess lines with a solvent foreign Lloyd's plan acceptable to the department that does not hold a certificate of authority to engage in the business of insurance in this state; or
(2) any business from a foreign Lloyd's plan described by Subdivision (1).
Status: in_force · Read it on the official government site
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