Texas Insurance Code

§ 823.0145 — SUPERVISORY COLLEGES

IN § 823.0145Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part B. ORGANIZATION OF REGULATED ENTITIES · Ch. 823. INSURANCE HOLDING COMPANY SYSTEMS · Art. A. GENERAL PROVISIONS

Statute text

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(a)With respect to any insurer registered under Subchapter B, and in accordance with Subsection (c), the commissioner may participate in a supervisory college for a domestic insurer that is part of an insurance holding company system with international operations in order to determine the insurer's compliance with this chapter. The commissioner may:

(1)initiate the establishment of a supervisory college;

(2)clarify the membership and participation of other entities in the supervisory college;

(3)clarify the functions of the supervisory college and the role of other entities in the supervisory college;

(4)establish a group-wide supervisor;

(5)coordinate the ongoing activities of the supervisory college, including meetings, regulatory activities, and processes for information sharing; and

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Legislative history

Added by Acts 2011, 82nd Leg., R.S., Ch. 922 (S.B. 1431), Sec. 4, eff. September 1, 2011.