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Texas Insurance Code

§ 463.351 — NOTICE OF COMMISSIONER ACTIONS

IN § 463.351Title 4. REGULATION OF SOLVENCY · Part D. GUARANTY ASSOCIATIONS · Ch. 463. TEXAS LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION · Art. H. POWERS AND DUTIES OF COMMISSIONER AND DEPARTMENT

Statute text

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(a)The commissioner shall:
(1)notify the insurance officials of all the other states, territories of the United States, and the District of Columbia by mail not later than the 30th day after the date the commissioner:
(A)revokes or suspends a member insurer's certificate of authority; or
(B)issues a formal order requiring a member insurer to:
(i)restrict the insurer's premium writing;
(ii)withdraw from this state;

Legislative history

Acts 2019, 86th Leg., R.S., Ch. 432 (S.B. 1153), Sec. 25, eff. September 1, 2019.