PLACEMENT OF REINSURANCE WITH UNAUTHORIZED REINSURER.

Tex. INS Code § 4152.152.
in effect
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Unless the ceding insurer releases the broker in writing from the broker's obligations under this section, a broker who places reinsurance on behalf of an authorized ceding insurer with a reinsurer that is not authorized, accredited, or trusteed in this state under Chapter 493 shall: (1) exercise due diligence in inquiring into the financial condition of the reinsurer; (2) disclose to the ceding insurer the broker's findings in connection with the inquiry under Subdivision (1); and (3) make available to the ceding insurer a copy of the current financial statement of the reinsurer. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026

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