Texas Administrative Code
|PART 1||TEXAS DEPARTMENT OF INSURANCE|
|CHAPTER 7||CORPORATE AND FINANCIAL REGULATION|
|RULE §7.612||Reinsurance Agreements Affected|
Sections 7.601-7.614 of this title (relating to Scope; Definitions; the Insurance Code, Article 3.02, §2(a), Companies--Prohibition against Reinsurance with Nonlicensed Insurers; Reinsurance of Entire Business; Fees; Nonlicensed Insurer May Become Accredited Reinsurer; Nonlicensed Insurer May Become Trusteed Reinsurer; Insurance Ceded to Nonlicensed Insurers; Trust Agreements Qualified under the Insurance Code, Article 3.10, §(d), and Article 5.75-1, §(d); Letter of Credit Qualified under the Insurance Code, Article 3.10, §(d)(3), or Article 5.75-1, §(d)(3); Indemnity Reinsurance Agreements--Required Provisions; Reinsurance Agreements Affected; Reinsurance Ceded to Nonlicensed Reinsurers during the Transitional Period; and Adoption of Forms by Reference) shall become effective September 30, 1990, and shall apply to all reinsurance agreements on the inception, anniversary, or renewal date on or after January 1, 1990, if credit is to be given to the ceding insurer for such reinsurance.
|Source Note: The provisions of this §7.612 adopted to be effective August 16, 1990, 15 TexReg 4435.|
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