Tex. Ins. Code § 941.154

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 941.154 - Assumption of Risk By Certain Affiliated Insurers

An insurer who is subject to Article 5.26 may not directly or indirectly assume all or a substantial part of a risk covered by a policy written by a Lloyd's plan that is an affiliate of the insurer if the risk is written at a rate less than the rate that may be lawfully charged by:

(1) the insurer; or
(2) one of the insurer's affiliates that is subject to Article 5.26.

Tex. Ins. Code § 941.154

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.