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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The commissioner may collect fees from an insurer described by Section 82.002 that is successfully rehabilitated by the commissioner. The fees must be in amounts sufficient to cover the cost of rehabilitating the insurer, but may not exceed that cost.
(b) The department may use fees collected under this section only for the rehabilitation of the insurer from which the fees are collected.
(c) Fees collected under this section shall be deposited in and expended through the Texas Department of Insurance operating account.
(d) The commissioner may determine the terms of the collection or repayment of the fees.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 441.203. Collection of Fees from Rehabilitated Insurer - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-441-203/
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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