Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES |
Subtitle B. ORGANIZATION OF REGULATED ENTITIES |
Chapter 827. WITHDRAWAL AND RESTRICTION PLANS |
Sec. 827.002. EXEMPTION
Latest version.
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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 interinsurance exchange, a Lloyd's plan, a county mutual insurance company, or a farm mutual insurance company.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by Acts 2003, 78th Leg., ch. 206, Sec. 10.02, eff. June 1, 2003.