Insurance Code § 493.154
The trust instrument must make contested claims valid and enforceable on a final order of any U.S. court, and the trust must hold legal title to its assets in the trustees for specified policyholders and ceding insurers. It must also stay in effect while the assuming insurer still has obligations under a reinsurance co
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- United States — Texas
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- Language
- en
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About this statute
The trust instrument must make contested claims valid and enforceable on a final order of any U.S. court, and the trust must hold legal title to its assets in the trustees for specified policyholders and ceding insurers. It must also stay in effect while the assuming insurer still has obligations under a reinsurance contract subject to the trust.
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Insurance Code § 493.154
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