Section 1508.261 - Stop-Loss Insurance; Reinsurance(a) The administrator of the fund, on behalf of and with the prior approval of the commissioner, may purchase stop-loss insurance or reinsurance from an insurance company licensed to write that coverage in this state.(b) Stop-loss insurance or reinsurance may be purchased to the extent that the commissioner determines funds are available for the purchase of that insurance.Tex. Ins. Code § 1508.261
Added by Acts 2009, 81st Leg., R.S., Ch. 721, Sec. 2.01, eff. 9/1/2009.