Tex. Ins. Code § 441.051 · Subchapter B. DETERMINATION AND NOTICE
CIRCUMSTANCES CONSTITUTING INSOLVENCY OR DELINQUENCY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
For the purposes of this chapter, the circumstances in which an insurer is considered insolvent, delinquent, or threatened with delinquency include circumstances in which the insurer:
(1) has required surplus, capital, or capital stock that is impaired to an extent prohibited by law;
(2) continues to write new business when the insurer does not have the surplus, capital, or capital stock that is required by law to write new business;
(3) conducts the insurer's business fraudulently; or
(4) attempts to dissolve or liquidate without first having made provisions satisfactory to the commissioner for liabilities arising from insurance policies issued by the insurer.
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 d65b5746b3c8d332563b851de6bb37dbbf30a068e7c0faa238a65ab79def71a2
- 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
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.