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Texas Insurance Code - INS § 841.207. Actions of Commissioner When Capital and 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 order the insurance company to cease writing new business and may:

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

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

(3) declare the insurance company to be impaired as provided by Section 841.206;  or

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

1  V.T.C.A., Insurance Code § 404.001 et seq.
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Cite this article: FindLaw.com - Texas Insurance Code - INS § 841.207. Actions of Commissioner When Capital and Surplus Requirements Not Satisfied - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-841-207/

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