Tex. Ins. Code § 441.006 · Subchapter A. GENERAL PROVISIONS
RULES AND PROCEDURES FOR MERGER OF INSURERS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commissioner shall adopt rules that encourage the merger of insurers in weak financial condition with insurers in strong financial condition in cases in which rehabilitation or conservation of an insurer would be inefficient or impracticable.
(b) The rules and procedures for conservatorship may not be used unless the rules and procedures adopted to promote the merger of insurers in weak financial condition are followed.
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.441.htm
- Text hash
- sha256 0c96e87b6dce5eac6ad9199cc5b69d5db7774c0ffad77b194e4af8a462032ed1
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 441.006. Each shows the citation as that text prints it.
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