{"data":{"id":"us-tx/tex.-insurance-code-463.304","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 463.304","heading":"DISTRIBUTION OF OWNERSHIP RIGHTS OF IMPAIRED OR INSOLVENT INSURER.","body":"In making an equitable distribution of the ownership rights of an impaired or insolvent insurer before the termination of a receivership, the court:\n(1) shall consider the welfare of the policyholders, contract owners, certificate holders, and enrollees of the continuing or successor insurer; and\n(2) may consider the contributions of the respective parties, including the association, the shareholders, policyholders, contract owners, certificate holders, and enrollees of the impaired or insolvent insurer, and any other party with a bona fide interest.\nAdded by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.\nAmended by:\nActs 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 3B.019(b), eff. September 1, 2007.\nActs 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 9.019(b), eff. September 1, 2007.\nActs 2019, 86th Leg., R.S., Ch. 432 (S.B. 1153), Sec. 24, eff. September 1, 2019.","path":["INSURANCE CODE","TITLE 4. REGULATION OF SOLVENCY","SUBTITLE D. GUARANTY ASSOCIATIONS","CHAPTER 463. TEXAS LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION","SUBCHAPTER G. OPERATION OF IMPAIRED OR INSOLVENT INSURER"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.463.htm#463.304","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"9b97599db5e61bcb86cd8bbde5d8d5e02436479256c1e4bdd3768c026ddf5db9","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-463.303","next":"us-tx/tex.-insurance-code-463.351"},"notice":"GroundRules: Original legal text. Not legal advice."}