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2021 Texas Statutes
Title 4 - Regulation of Solvency
Subtitle F - Reinsurance
Chapter 491 - General Reinsurance Requirements
Subchapter B. Computation of Reinsurance Reserve
Section 491.052. Computation of Reinsurance Reserves for Certain Insurers
Universal Citation: TX Ins Code § 491.052 (2021)
Sec. 491.052. COMPUTATION OF REINSURANCE RESERVES FOR CERTAIN INSURERS. (a) On December 31 of each year, or as soon as practicable after that date, the department shall, in accordance with Section 491.051, compute the reinsurance reserve for all unexpired risks of each insurer organized under the laws of this state or engaged in the business of insurance in this state.
(b) This section does not apply to:
(1) life insurance;
(2) fire insurance;
(3) marine insurance;
(4) inland marine insurance;
(5) lightning insurance; or
(6) tornado insurance.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
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