Texas Insurance Code

§ 463.401 — APPEAL TO COMMISSIONER

IN § 463.401Title 4. REGULATION OF SOLVENCY · Part D. GUARANTY ASSOCIATIONS · Ch. 463. TEXAS LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION · Art. I. APPEALS AND OTHER ACTIONS

Statute text

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(a)Not later than the 60th day after the date of a final action of the association or the board, a member insurer may appeal the action to the commissioner.

(b)A member insurer appealing an assessment shall pay the assessment to the association. The association may use the money to meet the association's obligations while the appeal is pending. If the appeal on the assessment is upheld, the association shall return to the insurer the amount paid in error or in excess of the amount the commissioner determines the insurer was obligated to pay.

Legislative history

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