Texas Insurance Code
§ 443.009 — STATUTES OF LIMITATIONS
IN § 443.009Title 4. REGULATION OF SOLVENCY · Part C. DELINQUENT INSURERS · Ch. 443. INSURER RECEIVERSHIP ACT · Art. A. GENERAL PROVISIONS
Statute text
View on source(a)If applicable law, an order, or an agreement fixes a period within which the insurer may commence an action, and this period has not expired before the date of the filing of the initial petition in a delinquency proceeding, the receiver may commence an action only before the later of:
(1)the end of the period, including any suspension of the period occurring on or after the filing of the initial petition in a delinquency proceeding; or
(2)four years after the later of the date of entry of an order for either rehabilitation or liquidation.
(b)Except as provided by Subsection (a), if applicable law, an order, or an agreement fixes a period within which the insurer may file any pleading, demand, notice, or proof of claim or loss, cure a default in a case or proceeding, or perform any other similar act, and the period has not expired before the date of the filing of the petition initiating formal delinquency proceedings, the receiver may file, cure, or perform, as the case may be, only before the later of:
(1)the end of the period, including any suspension of the period occurring on or after the filing of the initial petition in the delinquency proceeding; or
(2)60 days after the later of the date of entry of an order for either rehabilitation or liquidation.
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Legislative history
Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 9.004(e), eff. September 1, 2007.