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Texas Insurance Code - INS § 463.113. Board Report at Conclusion of Insolvency

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

(a) At the conclusion of an insurer insolvency in which the association was obligated to pay a covered claim, the board shall prepare and submit to the commissioner a report containing any information the board possesses concerning the history and causes of the insolvency.

(b) The board:

(1) shall cooperate with the boards of directors of guaranty associations in other states to prepare a report on the history and causes of the insolvency of a particular insurer;  and

(2) may adopt by reference a report prepared by any of those associations.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 463.113. Board Report at Conclusion of Insolvency - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-463-113/

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