Texas Insurance Code 2704.004 – Exceptions to Applicability of Chapter
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Terms Used In Texas Insurance Code 2704.004
- Contract: A legal written agreement that becomes binding when signed.
This chapter does not apply to a company that:
(1) does not assume primary liability in a reinsurance contract; or
(2) acts as coinsurer, if at least one of the other coinsurers has complied with this chapter.