H.B. No. 1187
 
 
 
 
AN ACT
  relating to the authority of a captive insurance company to provide
  reinsurance.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 964.052(a), Insurance Code, is amended
  to read as follows:
         (a)  A captive insurance company may provide reinsurance to
  an insurer covering the operational risks of the captive insurance
  company's affiliates, or risks of a controlled unaffiliated
  business, that the captive insurance company may insure directly
  under Section 964.051 and:
               (1)  employee benefit plans offered by affiliates;
               (2)  liability insurance an affiliate must maintain as
  a prerequisite for obtaining a license or permit if the law requires
  maintenance of the liability insurance; [and]
               (3)  credit life insurance and credit disability
  insurance offered as a part of, or directly relating to, the
  operational risks of an affiliate; and
               (4)  workers' compensation insurance and employer
  liability policies issued to affiliates if the insurer that
  directly issues workers' compensation insurance and employer's
  liability policies or its licensed, if required by law,
  administrator or adjuster:
                     (A)  services all claims incurred during the
  policy period; and
                     (B)  complies with all requirements for an insurer
  under this code, including Chapter 462, and under Title 5, Labor
  Code.
         SECTION 2.  This Act takes effect September 1, 2017.
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
 
         I certify that H.B. No. 1187 was passed by the House on April
  26, 2017, by the following vote:  Yeas 147, Nays 0, 1 present, not
  voting.
 
  ______________________________
  Chief Clerk of the House   
 
 
         I certify that H.B. No. 1187 was passed by the Senate on May
  19, 2017, by the following vote:  Yeas 31, Nays 0.
 
  ______________________________
  Secretary of the Senate    
  APPROVED:  _____________________
                     Date          
   
            _____________________
                   Governor