Texas § IN.942.157 - TRANSACTIONS BETWEEN CERTAIN INSURERS AND AFFILIATED EXCHANGES

Full text of Texas The Texas Constitution § IN.942.157 — TRANSACTIONS BETWEEN CERTAIN INSURERS AND AFFILIATED EXCHANGES, with citation guidance and answers to common questions.

§ IN.942.157. TRANSACTIONS BETWEEN CERTAIN INSURERS AND AFFILIATED EXCHANGES

TRANSACTIONS BETWEEN CERTAIN INSURERS AND AFFILIATED EXCHANGES. (a) In this section, "affiliate" has the meaning assigned by Section 823.003 . (b) An insurer subject to Article 5.26 may not directly or indirectly assume all or a substantial part of any risk covered by a reciprocal or interinsurance contract written by an exchange that is an affiliate of that insurer if the risk is written at a rate less than the rate that may be lawfully charged by the insurer or any affiliate of the insurer that is subject to Article 5.26. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § IN.942.157

What does The Texas Constitution § IN.942.157 cover?

Section IN.942.157 ("TRANSACTIONS BETWEEN CERTAIN INSURERS AND AFFILIATED EXCHANGES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Texas § IN.942.157?

A common citation format is "The Texas Constitution § IN.942.157" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Texas law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.

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