™Your Policy Risk Impact Agent
386 chapters · 7,822 sections in this title.
Tex. Insurance Code § 827.001 Definitions
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Sec. 827.001. DEFINITIONS. In this chapter: (1) "Insurer" means an insurance company or other legal entity authorized to engage in the business of insurance in this state, including a reciprocal or interinsurance exchange, a Lloyd's plan, and a county mutual insurance company. Th…
Tex. Insurance Code § 827.002 Exemption
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Sec. 827.002. EXEMPTION. This chapter does not apply to a transfer of business from an insurer to a company that: (1) is within the same insurance group as the insurer; (2) is authorized to engage in the business of insurance in this state; and (3) is not a reciprocal or interins…
Tex. Insurance Code § 827.003 Withdrawal Plan Required
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Sec. 827.003. WITHDRAWAL PLAN REQUIRED. An insurer shall file with the commissioner a plan for orderly withdrawal if the insurer proposes to: (1) reduce the insurer's total annual premium volume by 50 percent or more; (2) reduce the insurer's annual premium by 75 percent or more …
Tex. Insurance Code § 827.004 Provisions of Withdrawal Plan
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Sec. 827.004. PROVISIONS OF WITHDRAWAL PLAN. A withdrawal plan filed under Section 827.003 must: (1) be constructed to protect the interests of the people of this state; (2) indicate the dates on which the insurer intends to begin and to complete the plan; and (3) provide for: (A…