Texas Insurance Code 402.003 – Exceptions to Reporting Requirements
Current as of: 2024 | Check for updates
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Terms Used In Texas Insurance Code 402.003
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
An insurer or health maintenance organization is not required to file a report under Section 402.002 if:
(1) the acquisition or disposition of assets or the nonrenewal, cancellation, or revision of a ceded reinsurance agreement is not material; or
(2) the insurer’s or health maintenance organization’s material acquisition or disposition of assets or material nonrenewal, cancellation, or revision of a ceded reinsurance agreement has been submitted to the commissioner for review, approval, or information under another provision of this code or another law, regulation, or requirement.