Sec. 827.004. PROVISIONS OF WITHDRAWAL PLAN

Latest version.

A withdrawal plan filed under Section 827.003 must:
(1) be constructed to protect the interests of the people of this state;
(2) indicate the dates on which the insurer intends to begin and to complete the plan; and
(3) provide for:
(A) meeting the insurer's contractual obligations;
(B) providing service to the insurer's policyholders and claimants in this state; and
(C) meeting any applicable statutory obligations, such as payment of assessments to the guaranty fund and participation in an assigned risk plan or joint underwriting arrangement.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

                    
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