Tex. Ins. Code § 827.003 · Chapter 827. WITHDRAWAL AND RESTRICTION PLANS
WITHDRAWAL PLAN REQUIRED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
An insurer shall file with the commissioner a plan for orderly withdrawal if the insurer proposes to:
(1) reduce the insurer's total annual premium volume by 50 percent or more;
(2) reduce the insurer's annual premium by 75 percent or more in a line of insurance in this state; or
(3) reduce in this state, or in any applicable rating territory, the insurer's total annual premium volume in a line of personal automobile or residential property insurance by 50 percent or more.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by Acts 2003, 78th Leg., ch. 206, Sec. 10.03, eff. June 11, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.827.htm
- Text hash
- sha256 de6845a62834736c852cf80c1dc21740863491d46a898ec9c72b2b31fd2caaa5
- 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 § 827.003. 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.