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Tex. Ins. Code § 884.560

ASSUMPTION CERTIFICATE

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

Immediately after ratification of the reinsurance agreement under Section 884.556, the stipulated premium company shall issue to each member of the mutual assessment company an assumption certificate that states:

(1) the terms of the assumption; and

(2) the reserve and interest table under which the policy is assumed.

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