Texas Insurance Code

§ 83.051 — AUTHORITY OF COMMISSIONER TO ISSUE ORDER

IN § 83.051Title 2. TEXAS DEPARTMENT OF INSURANCE · Part B. DISCIPLINE AND ENFORCEMENT · Ch. 83. EMERGENCY CEASE AND DESIST ORDERS · Art. B. ISSUANCE OF ORDERS

Statute text

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(a)The commissioner ex parte may issue an emergency cease and desist order if:

(1)the commissioner believes that:

(A)an authorized person engaging in the business of insurance is:

(i)committing an unfair act; or

(ii)in a hazardous condition or a hazardous financial condition under Section 843.406 or Subchapter A, Chapter 404, as determined by the commissioner; or

(B)an unauthorized person:

…

Legislative history

Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2B.013, eff. April 1, 2009. Acts 2021, 87th Leg., R.S., Ch. 60 (S.B. 1809), Sec. 3, eff. September 1, 2021.