Tex. Ins. Code § 441.053 · Subchapter B. DETERMINATION AND NOTICE
NOTICE TO INSURER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If at any time the commissioner determines that an insurer is insolvent, has exceeded the insurer's powers, or has otherwise failed to comply with the law, the commissioner shall:
(1) notify the insurer of that determination;
(2) provide to the insurer a written list of the commissioner's requirements to abate the conditions on which that determination was based; and
(3) if the commissioner determines that the insurer requires supervision, notify the insurer that the insurer is under the commissioner's supervision and that the commissioner is invoking this chapter.
(b) The commissioner may provide the notice and information to an insurer that agrees to supervision.
(c) The insurer shall comply with the commissioner's requirements.
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 268287e53061dca7d54d5c77443f805d65838812ff83dcae2000b7fcef28f21e
- 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 2 provisions
Provisions in this library whose text cites Tex. Ins. Code § 441.053. Each shows the citation as that text prints it.
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.