Tex. Ins. Code § 441.155 · Subchapter D. CONSERVATORSHIP
REINSURANCE DURING CONSERVATORSHIP.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If during a conservatorship it appears that the interest of the insurer's policyholders or certificate holders is best protected by reinsuring the policies or certificates, the conservator may, with the approval of or at the direction of the commissioner:
(1) reinsure all or part of the insurer's policies or certificates with a solvent insurer authorized to engage in business in this state; and
(2) to the extent that the insurer has reserves attributable to the reinsured policies or certificates, transfer to the reinsurer reserves in an amount sufficient to reinsure the policies or certificates.
(b) A transfer of reserves under this section may not be considered a preference of a creditor.
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 1c4b971cc573c2660be2669b652181929cf1b1ae13e2b93f1afd68ad78ab61a5
- 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 § 441.155. 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.