Texas Insurance Code 402.103 – Conditions Under Which Report Concerning Nonrenewal, Cancellation, or Revision Not Required
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Terms Used In Texas Insurance Code 402.103
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
An insurer or health maintenance organization is not required to file a report under Section 402.002 if the insurer’s or health maintenance organization’s ceded written premium of the total reserve credit taken for business ceded is, on an annual basis, less than an amount equal to:
(1) 10 percent of direct and assumed written premiums; or
(2) 10 percent of the statutory reserve requirement before a cession.