Tex. Ins. Code § 404.005 · Subchapter A. HAZARDOUS FINANCIAL CONDITION
STANDARDS AND CRITERIA FOR EARLY WARNING.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commissioner by rule may:
(1) establish uniform standards and criteria for early warning that the continued operation of an insurer might be hazardous to the insurer's policyholders or creditors or to the public; and
(2) establish standards for evaluating the financial condition of an insurer.
(b) Standards established by the commissioner under this section must be consistent with the purposes of Section 404.003.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.404.htm
- Text hash
- sha256 97f54600ddd3898b7852f7a43a166298c1ebdaf36a820f73f13663ee3438f122
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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