{"data":{"id":"us-tx/tex.-insurance-code-463.257","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 463.257","heading":"IMPOSITION OF LIEN OR MORATORIUM.","body":"To carry out the association's duties under this chapter and with the court's approval, the association may:\n(1) impose a permanent policy or contract lien in connection with any guarantee, assumption, or reinsurance agreement if the association determines that:\n(A) the amounts that may be assessed under this chapter are insufficient to ensure full and prompt performance of the association's duties under this chapter; or\n(B) adverse economic or financial conditions affecting member insurers make imposition of the lien in the public interest; or\n(2) in addition to any contractual provision for deferral of cash or policy loan value, impose a temporary moratorium or lien on payment of cash values and policy loans or the exercise of any other right to withdraw money held in connection with a policy or contract.\nAdded by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.","path":["INSURANCE CODE","TITLE 4. REGULATION OF SOLVENCY","SUBTITLE D. GUARANTY ASSOCIATIONS","CHAPTER 463. TEXAS LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION","SUBCHAPTER F. POWERS AND DUTIES OF ASSOCIATION RELATING TO IMPAIRED OR INSOLVENT INSURER"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.463.htm#463.257","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"66436dad4c6aae557b8faf8b2f03ffd5dd07fac8069762068d8954e3a5963633","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-463.256","next":"us-tx/tex.-insurance-code-463.258"},"notice":"GroundRules: Original legal text. Not legal advice."}