Limitation On Transfer of Business To County Mutual Insurance Company

Tex. Insurance Code § 912.005, under Chapter 912.

Tex. Insurance Code § 912.005

Sec. 912.005. LIMITATION ON TRANSFER OF BUSINESS TO COUNTY MUTUAL INSURANCE COMPANY. An insurer may not transfer more than 10 percent of the insurer's insurance policies to a county mutual insurance company without the prior approval of the commissioner. Added by Acts 2003, 78th Leg., ch. 206, Sec. 21.405, eff. June 11, 2003. SUBCHAPTER B. ORGANIZATION OF COUNTY MUTUAL INSURANCE COMPANY; DIRECTORS