"An administrative agency's interpretation of its own regulations is also entitled to deference by the courts." Stark v. Geeslin, 213 S.W.3d 406, 416 (Tex. App.-Austin 2006, pet. denied) (citing Public. Util. Comm'n v. Gulf States Utils. Co., 809 S.W.2d 201, 207 (Tex. 1991)). "We construe both statutes and administrative rules under traditional principles of statutory construction." Tex. Tel. Ass'n v. Pub. Util. Comm'n of Tex., 653 S.W.3d 227, 246 (Tex. App.-Austin 2022, no pet.)
Reinsurance, on the other hand, has been described as the transfer of all or part of one insurer's risk to another insurer, which accepts the risk in exchange for a percentage of the original premium. Stark v. Geeslin, 213 S.W.3d 406, 410 n. 2 (Tex.App.-Austin 2006, no pet.) (citing Black's Law Dictionary 1290 (7th ed.1999)). “The true reinsurer is merely an insurance company or underwriter which deals only with other insurance companies as its policyholders.”
Reinsurance, on the other hand, has been described as the transfer of all or part of one insurer's risk to another insurer, which accepts the risk in exchange for a percentage of the original premium. Stark v. Geeslin, 213 S.W.3d 406, 410 n.2 (Tex. App.—Austin 2006, no pet.) (citing BLACK'S LAW DICTIONARY 1290 (7th ed. 1999)). "The true reinsurer is merely an insurance company or underwriter which deals only with other insurance companies as its policyholders."