Section 884.301 - Reinsurance of Policy(a) A stipulated premium company may reinsure on an individual indemnity policy basis any risk or part of a risk that the company underwrites or assumes.(b) The reinsurer must be a legal reserve company that:(1) is authorized to write life, health, and accident insurance in this state; and(2) has capital and surplus in an amount of at least $200,000.(c) After reinsuring under Subsection (a), a stipulated premium company may take a credit for the reinsurance against the aggregate reserves required by Subchapter J.Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.