Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES |
Subtitle G. LLOYD'S PLAN AND RECIPROCAL AND INTERINSURANCE EXCHANGES |
Chapter 941. LLOYD'S PLAN |
Subchapter E. FINANCIAL REQUIREMENTS |
Sec. 941.203. COMPUTATION OF RESERVE
Latest version.
-
A Lloyd's plan shall compute reserve liabilities for outstanding business and incurred losses on the same basis required for a stock insurance company engaged in the same kinds of business in this state.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.