2019 Texas Statutes
Insurance Code
Title 4 - Regulation of Solvency
Subtitle F - Reinsurance
Chapter 493 - Authorized Reinsurance; Credit and Accounting
Subchapter C. Credit for Reinsurance
Section 493.1037. Certification by National Association of Insurance Commissioners

Universal Citation: TX Ins Code § 493.1037 (2019)

Sec. 493.1037. CERTIFICATION BY NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS. If an applicant for certification has been certified as a reinsurer in a National Association of Insurance Commissioners accredited jurisdiction:

(1) the commissioner may make a determination to defer to the accredited jurisdiction's certification and the financial strength rating assigned by that jurisdiction; and

(2) if the commissioner makes the determination authorized by Subdivision (1), the applicant shall be considered to be a certified reinsurer in this state.

Added by Acts 2017, 85th Leg., R.S., Ch. 594 (S.B. 1070), Sec. 2.05, eff. September 1, 2017.

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