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Current as of January 01, 2024 | Updated by Findlaw Staff
A withdrawal plan filed under Section 827.003 must:
(1) be constructed to protect the interests of the people of this state;
(2) indicate the dates on which the insurer intends to begin and to complete the plan; and
(3) provide for:
(A) meeting the insurer's contractual obligations;
(B) providing service to the insurer's policyholders and claimants in this state; and
(C) meeting any applicable statutory obligations, such as payment of assessments to the guaranty fund and participation in an assigned risk plan or joint underwriting arrangement.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 827.004. Provisions of Withdrawal Plan - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-827-004/
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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