Tex. Ins. Code § 827.010 · Chapter 827. WITHDRAWAL AND RESTRICTION PLANS
MORATORIUM.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commissioner may impose a moratorium of not longer than two years on:
(1) the approval of withdrawal plans; or
(2) the implementation of plans to restrict the writing of new business described by Section 827.008.
(b) A moratorium under this section may be imposed on plans implemented after the commissioner has published notice of intention to impose a moratorium on plans under Subsection (a)(2).
(c) The commissioner may annually renew a moratorium imposed under this section.
(d) To impose or renew a moratorium under this section, the commissioner must determine, after notice and hearing, that a catastrophic event has occurred and that as a result of that event a particular line of insurance is not reasonably expected to be available to a substantial number of policyholders or potential policyholders in this state or, in the case of lines of personal automobile or residential property insurance, in a rating territory.
(e) The provisions of Chapter 2001, Government Code, relating to contested cases apply to the notice and hearing.
(f) The commissioner by rule shall establish reasonable criteria for applying the standards for determining whether to impose a moratorium under this section.
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. 10.06(a), 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 a476cf774909221311743036e2270967cb39f9ecb6727cb5acd8c7b16cb815b2
- 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.