Texas Insurance Code - Section 404.005. Standards And Criteria For Early Warning
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§ 404.005. STANDARDS AND CRITERIA FOR EARLY WARNING. (a)
The commissioner by rule may:
(1) establish uniform standards and criteria for early
warning that the continued operation of an insurer might be
hazardous to the insurer's policyholders or creditors or to the
public; and
(2) establish standards for evaluating the financial
condition of an insurer.
(b) Standards established by the commissioner under this
section must be consistent with the purposes of Section 404.003.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 403.053 403.101 403.102 404.001 404.002 404.003 404.004 404.005 404.006 404.051 404.052 404.053 421.001 421.002 422.001
Last modified: August 10, 2007
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