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Texas Insurance Code - INS § 827.003. Withdrawal Plan Required

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

An insurer shall file with the commissioner a plan for orderly withdrawal if the insurer proposes to:

(1) reduce the insurer's total annual premium volume by 50 percent or more;

(2) reduce the insurer's annual premium by 75 percent or more in a line of insurance in this state;  or

(3) reduce in this state, or in any applicable rating territory, the insurer's total annual premium volume in a line of personal automobile or residential property insurance by 50 percent or more.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 827.003. Withdrawal Plan Required - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-827-003/

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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