Termination of Contract

Tex. Insurance Code § 4152.202, under Chapter 4152. Reinsurance Intermediaries.

Tex. Insurance Code § 4152.202

Sec. 4152.202. TERMINATION OF CONTRACT. An insurer may: (1) terminate a contract entered into under Section 4152.201 for cause on written notice to the manager by certified mail, return receipt requested; and (2) suspend the authority of the manager to assume or cede business during any dispute regarding the cause for termination. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.