Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 2. TEXAS DEPARTMENT OF INSURANCE |
Subtitle B. DISCIPLINE AND ENFORCEMENT |
Chapter 86. REVOCATION OR MODIFICATION OF CERTIFICATE OF AUTHORITY; AUTHORITY TO BRING CERTAIN ACTIONS |
Subchapter B. AUTHORITY TO BRING CERTAIN ACTIONS |
Sec. 86.052. AUTHORITY TO BRING ACTION TO CLOSE AFFAIRS OR RESTRAIN BUSINESS OF DOMESTIC INSURANCE COMPANY
Latest version.
-
Only the department may bring an action to:
(1) close the affairs of an insurance company organized under the laws of this state; or
(2) enjoin, restrain, or interfere with the prosecution of the business of an insurance company organized under the laws of this state.
Added by Acts 2005, 79th Leg., Ch. 727 , Sec. 12, eff. April 1, 2007.