Texas Insurance Code

§ 463.356 — ASSUMPTION OF POWERS AND DUTIES OF ASSOCIATION

IN § 463.356Title 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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The commissioner may assume the powers and duties of the association under this chapter with respect to impaired or insolvent insurers if the association does not within a reasonable period act as provided by:

(1)Section 463.252(b)(2);

(2)Section 463.253; and

(3)Section 463.254.

Legislative history

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