{"data":{"id":"us-tx/tex.-insurance-code-982.254","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 982.254","heading":"FAILURE TO ELIMINATE IMPAIRMENT OF TRUSTEED SURPLUS.","body":"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.\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.137, eff. April 1, 2009.","path":["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"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.982.htm#982.254","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"ec7b689858eda73fdeb178f3157fcca86d920ce6ef4ed383ca99b65c48768fc6","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-982.253","next":"us-tx/tex.-insurance-code-982.255"},"notice":"GroundRules: Original legal text. Not legal advice."}