Gavvy: Ins. Code, Sec. 4152.254. Authority for Retrocessional Contracts Or Participation in Reinsurance Syndicates.

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Sec. 4152.254. Authority for Retrocessional Contracts Or Participation in Reinsurance Syndicates.

Sec. 4152.254. AUTHORITY FOR RETROCESSIONAL CONTRACTS OR PARTICIPATION IN REINSURANCE SYNDICATES. Binding authority for all retrocessional contracts or participation in reinsurance syndicates rests with an officer of the insurer. That officer may not be affiliated with a manager acting for the insurer.

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.

Gavvy last updated this database on: Sep 6, 2024