Sec. 463.162. ASSIGNMENT OR TRANSFER OF CREDIT. (a) A member insurer may assign or transfer a credit against premium tax to another member insurer if: (1) an acquisition, merger, or total assumption of reinsurance occurs between the insurers; or (2) the commissioner by order approves the assignment or transfer. (b) Not later than the later of November 1 or the 60th day after the date of the assignment or transfer, each member insurer shall: (1) report the assignment or transfer to the comptroller on a form the comptroller prescribes; and (2) include with the report any documents from the commissioner that show approval of the assignment or transfer.
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