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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) On a majority vote, the board may report and make recommendations to the commissioner on any matter germane to:
(1) the solvency, liquidation, rehabilitation, or conservation of a member insurer; or
(2) the solvency of an insurer seeking to engage in the business of insurance in this state.
(b) A report or recommendation under Subsection (a) is not a public document, and Chapter 552, Government Code, does not apply to the report or recommendation until the insurer that is the subject of the report or recommendation is designated as impaired.
(c) On the commissioner's request, the association may assist and advise the commissioner concerning rehabilitation, payment of claims, continuation of coverage, or the performance of other contractual obligations of an impaired or insolvent insurer.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 463.111. Board and Association Advice and Assistance - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-463-111/
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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