Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Insurance Code § 982.254: FAILURE TO ELIMINATE IMPAIRMENT OF TRUSTEED SURPLUS.

Where this section sits in the code

INSURANCE CODE
TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES
SUBTITLE I. SURPLUS LINES INSURERS; COMPANIES NOT ORGANIZED IN TEXAS
CHAPTER 982. FOREIGN AND ALIEN INSURANCE COMPANIES
SUBCHAPTER E. TRUSTEED SURPLUS OF ALIEN INSURANCE COMPANIES

If an alien insurance company has not satisfied the commissioner at the end of the designated period under Section 982.253(a) that the impairment has been eliminated, the commissioner may proceed against the company as provided by Chapter 441 as an insurance company whose further transaction of the business of insurance in the United States will be hazardous to its policyholders in the United States.

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

Amended by:

Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.137, eff. April 1, 2009.

Collected 2026-08-27T01:47:21Z. Source file · JSON

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