Tex. Ins. Code § 441.151 · Subchapter D. CONSERVATORSHIP
APPOINTMENT OF CONSERVATOR.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commissioner may appoint a conservator for an insurer:
(1) if:
(A) after notice and opportunity for hearing, it is determined that the insurer:
(i) is insolvent;
(ii) appears to have exceeded the insurer's powers; or
(iii) has failed to comply with any requirement of the commissioner; or
(B) the insurer agrees to the appointment of a conservator; and
(2) if it is determined that supervision is inadequate to rehabilitate the insurer.
(b) The commissioner may appoint a conservator.
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 5a0d57c0249dd19106856c9df51215200b58f518ce8c9e6d718b68fedd36b536
- 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 § 441.151. 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.