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Tex. Ins. Code § 862.103

REINSURANCE OR RESERVES REQUIRED FOR HOME WARRANTY INSURANCE COMPANIES

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff

(a) An insurance company writing home warranty insurance in this state shall maintain reinsurance or unearned premium reserves on its policies in force.

(b) Reserves required by Subsection (a) shall be computed in the same manner and to the same extent as is fire insurance under Section 862.102.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.