Tex. Ins. Code § 964.103

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

Section 964.103 - Subscriber Requirements

On and after the date of the captive exchange's formation, each subscriber of the captive exchange must:

(1) have an existing affiliation with each other subscriber; or

(2) satisfy the definition of a controlled unaffiliated business regardless of any affiliation relationship created by the captive exchange.

Tex. Ins. Code § 964.103

Added by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 1050,Sec. 2.01, eff. 6/15/2017.