Texas Insurance Code

§ 827.004 — PROVISIONS OF WITHDRAWAL PLAN

IN § 827.004Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part B. ORGANIZATION OF REGULATED ENTITIES · Ch. 827. WITHDRAWAL AND RESTRICTION PLANS

Statute text

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A withdrawal plan filed under Section 827.003 must:

(1)be constructed to protect the interests of the people of this state;

(2)indicate the dates on which the insurer intends to begin and to complete the plan; and

(3)provide for:

(A)meeting the insurer's contractual obligations;

(B)providing service to the insurer's policyholders and claimants in this state; and

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Legislative history

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.