Texas Insurance Code

§ 441.151 — APPOINTMENT OF CONSERVATOR

IN § 441.151Title 4. REGULATION OF SOLVENCY · Part C. DELINQUENT INSURERS · Ch. 441. SUPERVISION AND CONSERVATORSHIP · Art. D. CONSERVATORSHIP

(a)The commissioner may appoint a conservator for an insurer:

(1)if:

(A)after notice and opportunity for hearing, it is determined that the insurer:

(i)is insolvent;

(ii)appears to have exceeded the insurer's powers; or

(iii)has failed to comply with any requirement of the commissioner; or

…

Legislative history

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.