Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 4. REGULATION OF SOLVENCY |
Subtitle D. GUARANTY ASSOCIATIONS |
Chapter 462. TEXAS PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION |
Subchapter C. GENERAL POWERS AND DUTIES OF ASSOCIATION |
Sec. 462.113. BOARD REPORT ON CONCLUSION OF INSOLVENCY
Latest version.
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On the conclusion of the insolvency of a domestic insurer with respect to which the association was obligated to pay covered claims, the board may:
(1) prepare a report on the history and causes of the insolvency, based on information available to the association; and
(2) submit the report to the commissioner.
Added by Acts 2005, 79th Leg., Ch. 727 , Sec. 1, eff. April 1, 2007.