Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 4. REGULATION OF SOLVENCY |
Subtitle C. DELINQUENT INSURERS |
Chapter 441. SUPERVISION AND CONSERVATORSHIP |
Subchapter A. GENERAL PROVISIONS |
Sec. 441.004. ACTIONS OF COMMISSIONER
Latest version.
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(a) In the event of an insurer's delinquency or suspected delinquency, the commissioner, in the commissioner's administrative discretion, may act under this chapter, another applicable law, or a combination of this chapter and another applicable law.
(b) If the commissioner determines to act under this chapter or is directed by a court to act under this chapter, the commissioner shall comply with the requirements of this chapter.
Added by Acts 2005, 79th Leg., Ch. 727 , Sec. 1, eff. April 1, 2007.