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Tex. Ins. Code § 941.154

ASSUMPTION OF RISK BY CERTAIN AFFILIATED INSURERS

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

An insurer who is subject to Article 5.26 may not directly or indirectly assume all or a substantial part of a risk covered by a policy written by a Lloyd's plan that is an affiliate of the insurer if the risk is written at a rate less than the rate that may be lawfully charged by:

(1) the insurer; or

(2) one of the insurer's affiliates that is subject to Article 5.26.

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