Tex. Ins. Code § 441.153 · Subchapter D. CONSERVATORSHIP
POWERS AND DUTIES OF CONSERVATOR.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The conservator appointed for an insurer under Section 441.151 shall immediately take charge of the insurer and all of the insurer's property, books, records, and effects, conduct the insurer's business, and act to remove the causes and conditions that made the conservatorship order necessary, as directed by the commissioner.
(b) During the conservatorship, the conservator shall provide reports to the commissioner as required by the commissioner and may:
(1) take all necessary measures in the conservator's own name as conservator to preserve, protect, or recover any asset or property of the insurer, including a claim or cause of action that the insurer may assert; and
(2) file a suit, or prosecute and defend a suit filed by or against the insurer, as the conservator considers necessary to protect all of the interested parties or any property affected by the suit.
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 1cd69ff6b556dd47fb12f38496c5639049bfd5a2639bf9d1d965574a77ebd873
- 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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