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2019 Texas Statutes
Insurance Code
Title 4 - Regulation of Solvency
Subtitle F - Reinsurance
Chapter 494 - Reinsurance of Aircraft and Space Equipment Risks
Section 494.002. Authority to Reinsure
Universal Citation: TX Ins Code § 494.002 (2019)
Sec. 494.002. AUTHORITY TO REINSURE. (a) A domestic insurance company as defined by Section 841.001, alone or together with another insurer, may reinsure any liability, property, casualty, collision, personal injury, death, or other risk relating to, arising from, or incident to the manufacture, ownership, custody, or operation of an aircraft or any space equipment, subject to any just and reasonable limitation imposed by the commissioner.
(b) A limitation imposed by the commissioner must be consistent with the purposes of this chapter.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
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