Tex. Ins. Code § 441.253 · Subchapter F. OUT-OF-STATE INSURERS
POWERS AND DUTIES OF ANCILLARY SUPERVISOR OR CONSERVATOR.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An ancillary supervisor or ancillary conservator appointed under this subchapter has all the powers provided by Sections 441.153 and 441.155 with respect to the insurer's assets, property, books, and records located in this state.
(b) An ancillary conservator appointed under this subchapter may:
(1) reinsure all or part of the insurer's policies or certificates in this state with a solvent insurer authorized to engage in business in this state; and
(2) transfer to the reinsurer as reserves any assets in the ancillary conservator's possession in an amount sufficient to reinsure the policies or certificates.
(c) A transfer of assets under this section is not 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 63a43c4fb7a49239da7347697252214f728aba52bd6f614f01c3c079b8f8a86a
- 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
This section cites
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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.