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Texas Insurance Code - INS § 404.006. Agreement with Another Jurisdiction

Current as of January 01, 2024 | Updated by Findlaw Staff

The commissioner may enter into an agreement with the insurance regulatory authority of another jurisdiction concerning the management, volume of business, expenses of operation, plans for reinsurance, rehabilitation, or reorganization, and method of operations of, and type of risks to be insured by, an insurer that is:

(1) licensed in the other jurisdiction;  and

(2) considered to be in a hazardous financial condition or in need of a specific remedy that may be imposed by the commissioner and the insurance regulatory authority of the other jurisdiction.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 404.006. Agreement with Another Jurisdiction - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-404-006/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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