Texas Insurance Code

§ 984.201 — AGREEMENT TO COMPLY WITH CHAPTER

IN § 984.201Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part I. SURPLUS LINES INSURERS; COMPANIES NOT ORGANIZED IN TEXAS · Ch. 984. MEXICAN CASUALTY INSURANCE COMPANIES · Art. E. REGULATION AND ENFORCEMENT

Statute text

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A Mexican casualty insurance company shall file in English a document executed by the company's officials expressly accepting the terms of this chapter and agreeing that the department may revoke, suspend, or refuse to grant a certificate of authority under this chapter on a determination by the commissioner that the company:

(1)is insolvent or in hazardous financial condition; or

(2)has violated an applicable law of this state or of the company's home jurisdiction.

Legislative history

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