Tex. Ins. Code § 555.002 · Chapter 555. FAILURE TO SATISFY JUDGMENT
REVOCATION OF CERTIFICATE OF AUTHORITY.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
If an execution issued on a final judgment rendered against an insurer is not satisfied and discharged before the 31st day after the date of notice of the execution's issuance, the insurer's certificate of authority shall be revoked, and the insurer may not engage in the business of insurance in this state until the execution is satisfied.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.555.htm
- Text hash
- sha256 ceac1af9aa3adb5aec0d35cbd73aec68aaad05289496fa3362b18359a0277e26
- 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
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.