Authority to Bring Action to Close Affairs or Restrain Business of Domestic Insurance Company

Revocation or Modification of Certificate of Authority; Authority to Bring Certain Actions · Authority to Bring Certain Actions

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.

Official text of the Texas Insurance Code as published by the Texas Legislative Council.

Legislative history

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 12, eff. April 1, 2007.

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