Texas § IN.493.103 - ACCREDITED REINSURER
Full text of Texas The Texas Constitution § IN.493.103 — ACCREDITED REINSURER, with citation guidance and answers to common questions.
§ IN.493.103. ACCREDITED REINSURER
ACCREDITED REINSURER. For purposes of Section 493.102 (a)(2), an insurer is accredited as a reinsurer in this state if the insurer: (1) submits to this state's jurisdiction; (2) submits to this state's authority to examine the insurer's books and records; (3) is domiciled and authorized to engage in the business of insurance or reinsurance in at least one state or, if the insurer is a United States branch of an alien assuming insurer, is entered through and authorized to engage in the business of insurance or reinsurance in at least one state; (4) annually files with the department a copy of the annual statement the insurer files with the insurance department of the insurer's state of domicile; and (5) maintains a surplus as regards policyholders in an amount of at least $20 million. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.
Frequently Asked Questions About Texas § IN.493.103
What does The Texas Constitution § IN.493.103 cover?
Section IN.493.103 ("ACCREDITED REINSURER") 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.493.103?
A common citation format is "The Texas Constitution § IN.493.103" (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.
How does Texas § IN.493.103 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.