Section 964.103. Subscriber Requirements

TX Ins Code § 964.103 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 964.103. SUBSCRIBER REQUIREMENTS. On and after the date of the captive exchange's formation, each subscriber of the captive exchange must:

(1) have an existing affiliation with each other subscriber; or

(2) satisfy the definition of a controlled unaffiliated business regardless of any affiliation relationship created by the captive exchange.

Added by Acts 2017, 85th Leg., R.S., Ch. 1050 (H.B. 1944), Sec. 2.01, eff. June 15, 2017.