Tex. Ins. Code Section 402.104
Content of Report Concerning Material Nonrenewals, Cancellations, and Revisions

In a report of a material nonrenewal, cancellation, or revision of a ceded reinsurance agreement under Section 402.002 (General Reporting Requirements), an insurer or health maintenance organization shall disclose:

(1)

the effective date of the nonrenewal, cancellation, or revision;

(2)

a description of the transaction that identifies the initiator of the transaction;

(3)

the purpose of the transaction; and

(4)

if applicable, the identity of each replacement reinsurer.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.

Source: Section 402.104 — Content of Report Concerning Material Nonrenewals, Cancellations, and Revisions, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­402.­htm#402.­104 (accessed May 11, 2024).

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Accessed:
May 11, 2024

§ 402.104’s source at texas​.gov