Texas Insurance Code 281.008 – Reciprocity Agreements
Current as of: 2024 | Check for updates
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Terms Used In Texas Insurance Code 281.008
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
- Rule: includes regulation. See Texas Government Code 311.005
The comptroller by rule may enter into a reciprocity agreement with another state under which the parties agree to mutually set aside retaliatory provisions in situations in which this state and the other state determine that retaliation is not the preferred approach to protect their domestic insurers from excessive taxation or other financial obligations. In adopting rules under this section, the comptroller may not adopt a rule that does not specifically implement this section.