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.