{"data":{"id":"us-tx/tex.-insurance-code-823.451","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 823.451","heading":"RECEIVERSHIP.","body":"If it appears to the commissioner that a person's violation of this chapter so impairs the financial condition of a domestic insurer as to threaten the insurer's insolvency or make the further transaction of the insurer's business hazardous to the insurer's policyholders or creditors or the public, the commissioner may proceed under Chapters 441 and 443 to take possession of the insurer's property and conduct the business of the insurer.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.\nAmended by:\nActs 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.012, eff. April 1, 2009.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE B. ORGANIZATION OF REGULATED ENTITIES","CHAPTER 823. INSURANCE HOLDING COMPANY SYSTEMS","SUBCHAPTER J. CIVIL REMEDIES AND SANCTIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.823.htm#823.451","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"123ac035e29e0abbe12a8634fc1eed02c32422711da4ce97a9ea893464fa8ec7","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-823.403","next":"us-tx/tex.-insurance-code-823.452"},"notice":"GroundRules: Original legal text. Not legal advice."}