Texas Insurance Code

§ 86.002 — NOTICE OF INTENT TO REVOKE OR MODIFY CERTIFICATE OF AUTHORITY

IN § 86.002Title 2. TEXAS DEPARTMENT OF INSURANCE · Part B. DISCIPLINE AND ENFORCEMENT · Ch. 86. REVOCATION OR MODIFICATION OF CERTIFICATE OF AUTHORITY; AUTHORITY TO BRING CERTAIN ACTIONS · Art. A. REVOCATION OR MODIFICATION OF CERTIFICATE

Statute text

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(a)The commissioner must notify an insurance carrier in writing of the commissioner's intent to revoke or modify the carrier's certificate of authority.

(b)The commissioner must provide the notice not later than the 10th day before the date the revocation or modification is to occur.

(c)The commissioner must specifically state in the notice the reason for the action.

Legislative history

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 12, eff. April 1, 2007.