Tex. Ins. Code § 884.560

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 884.560 - Assumption Certificate

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.

Tex. Ins. Code § 884.560

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.