Texas Insurance Code

§ 463.108 — DETECTION AND PREVENTION OF IMPAIRMENT AND INSOLVENCY

IN § 463.108Title 4. REGULATION OF SOLVENCY · Part D. GUARANTY ASSOCIATIONS · Ch. 463. TEXAS LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION · Art. C. GENERAL POWERS AND DUTIES OF ASSOCIATION

Statute text

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On a majority vote, the board:

(1)may make recommendations to the commissioner for detecting and preventing insurer insolvencies; and

(2)shall notify the commissioner of information indicating that a member insurer may be impaired or insolvent.

Legislative history

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