{"data":{"id":"us-tx/tex.-insurance-code-964.065","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 964.065","heading":"SUSPENSION OR REVOCATION OF CERTIFICATE OF AUTHORITY.","body":"The commissioner, after notice and an opportunity for hearing, may revoke or suspend the certificate of authority of a captive insurance company for:\n(1) insolvency or impairment of required capital or surplus, or the equivalent, to policyholders;\n(2) failure to submit an annual report, as required by Section 964.060;\n(3) failure to comply with the provisions of its own charter, bylaws, rules, or other governing document;\n(4) failure to submit to examination, as required by Chapter 401;\n(5) failure to pay the cost of examination, as required by Chapter 401;\n(6) failure to pay any tax or fee required by this code;\n(7) removal of its principal office or books and records from this state without prior approval of the commissioner;\n(8) use of practices that render its operation detrimental to the public or its condition unsound; or\n(9) failure to otherwise comply with the laws of this state.\nAdded by Acts 2013, 83rd Leg., R.S., Ch. 569 (S.B. 734), Sec. 2, eff. June 14, 2013.\nAmended by:\nActs 2017, 85th Leg., R.S., Ch. 1050 (H.B. 1944), Sec. 1.15, eff. June 15, 2017.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE H. OTHER ENTITIES","CHAPTER 964. CAPTIVE INSURANCE COMPANIES","SUBCHAPTER B. CAPTIVE INSURANCE COMPANIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.964.htm#964.065","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"d41291f016b9f4874df988d48fb75aa62d5674ab486ea4871eb6bf4d0d4a2ed3","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-964.064","next":"us-tx/tex.-insurance-code-964.066"},"notice":"GroundRules: Original legal text. Not legal advice."}