Texas Insurance Code

§ 463.355 — FAILURE TO COMPLY WITH PLAN OF OPERATION

IN § 463.355Title 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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On failure of a member insurer to comply with the plan of operation, the commissioner may suspend or revoke, after notice and hearing, the insurer's certificate of authority to engage in the business of insurance in this state.

Legislative history

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