Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES |
Subtitle F. FARM AND COUNTY MUTUAL INSURANCE COMPANIES |
Chapter 912. COUNTY MUTUAL INSURANCE COMPANIES |
Subchapter A. GENERAL PROVISIONS |
Sec. 912.005. LIMITATION ON TRANSFER OF BUSINESS TO COUNTY MUTUAL INSURANCE COMPANY
Latest version.
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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.