Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES |
Subtitle B. ORGANIZATION OF REGULATED ENTITIES |
Chapter 821. GENERAL PROVISIONS |
Subchapter A. MINIMUM INSURANCE TO BE MAINTAINED BY INSURER |
Sec. 821.004. REPORT TO ATTORNEY GENERAL; SUIT AGAINST INSURER
Latest version.
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(a) The department shall report to the attorney general an insurer's failure to comply with this subchapter.
(b) On receiving a report under Subsection (a), the attorney general shall bring suit in a district court in Travis County against the insurer to cancel, forfeit, and revoke the insurer's:
(1) charter, articles of association, or articles of agreement; and
(2) certificate of authority.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.