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Texas Insurance Code - INS § 822.211. Action of Commissioner When Capital or Surplus Requirements Not Satisfied

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

If an insurance company does not comply with the capital and surplus requirements of this chapter, the commissioner may enter an order prohibiting the company from writing new business and may:

(1) place the company under state supervision or conservatorship;

(2) declare the company to be in a hazardous condition as provided by Subchapter A, Chapter 404;  1

(3) declare the company to be impaired as provided by Subchapter B, Chapter 404;  2 or

(4) apply to the company any other applicable sanction provided by this code.

1 V.T.C.A., Insurance Code § 404.001 et seq.
2 V.T.C.A., Insurance Code § 404.051 et seq.
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Cite this article: FindLaw.com - Texas Insurance Code - INS § 822.211. Action of Commissioner When Capital or Surplus Requirements Not Satisfied - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-822-211/

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