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New Texas Legislation Significantly Expands Industrial Insured Exemption
Category: Insurance
House Bill 1559 creates an expanded exemption for entities qualifying as an “industrial insured”. The bill has been signed by the Governor and is effective September 1, 2017. The bill adds a new definition of “industrial insured” to exempt insureds that qualify from the diligent effort requirement…
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Texas Department of Insurance Clarifies Position on Medical Stop Loss Coverage through Texas Captive Insurers
Category: Insurance
The Texas Department of Insurance has clarified its position on medical stop loss coverage through Texas captive insurers. The Department has confirmed that Texas captives may write coverage for the employer deductible or self-insured retention portions of a health benefit plan for employees. The…
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The Texas House Insurance Committee Advances Bill to Improve Texas Captive Insurance Law
Category: Insurance
Today, the Texas House Insurance Committee approved legislation making significant improvements in the Texas Captive Insurance Law. The new amended bill, H.B. No. 1944, provides for: Credit for reinsurance ceded to non-affiliated and non-admitted reinsurers which meet the standards of the bill. …
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The Between the Lines blog is made available by Mitchell Williams Law Firm and the law firm publisher. The blog site is for educational purposes only, as well as to give general information and a general understanding of the law. This blog is not intended to provide specific legal advice. Use of this blog site does not create an attorney client relationship between you and Mitchell Williams or the blog site publisher. The Between the Lines blog site should not be used as a substitute for legal advice from a licensed professional attorney in your state.