Texas Insurance Code
§ 443.001 — CONSTRUCTION AND PURPOSE
IN § 443.001Title 4. REGULATION OF SOLVENCY · Part C. DELINQUENT INSURERS · Ch. 443. INSURER RECEIVERSHIP ACT · Art. A. GENERAL PROVISIONS
Statute text
View on source(a)This chapter may be cited as the Insurer Receivership Act.
(b)This chapter may not be interpreted to limit the powers granted the commissioner under other provisions of law.
(c)This chapter shall be liberally construed to support the purpose stated in Subsection (e).
(d)All powers and authority of a receiver under this chapter are cumulative and are in addition to all powers and authority that are available to a receiver under law other than this chapter.
(e)The purpose of this chapter is to protect the interests of insureds, claimants, creditors, and the public generally, through:
(1)early detection of any potentially hazardous condition in an insurer and prompt application of appropriate corrective measures;
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Legislative history
Added by Acts 2005, 79th Leg., Ch. 995 (H.B. 2157), Sec. 1, eff. September 1, 2005. Redesignated from Insurance Code - Not Codified, Art/Sec 21A.001 by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 3B.004(a)(1), eff. September 1, 2007. Redesignated from Insurance Code - Not Codified, Art/Sec 21A.001 by Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 9.004(a)(1), eff. September 1, 2007.