Tex. Ins. Code § 4152.254

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 4152.254 - Authority for Retrocessional Contracts or Participation in Reinsurance Syndicates

Binding authority for all retrocessional contracts or participation in reinsurance syndicates rests with an officer of the insurer. That officer may not be affiliated with a manager acting for the insurer.

Tex. Ins. Code § 4152.254

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. 4/1/2005.