Texas Insurance Code - Section 404.006. Agreement With Another Jurisdiction
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§ 404.006. AGREEMENT WITH ANOTHER JURISDICTION. The
commissioner may enter into an agreement with the insurance
regulatory authority of another jurisdiction concerning the
management, volume of business, expenses of operation, plans for
reinsurance, rehabilitation, or reorganization, and method of
operations of, and type of risks to be insured by, an insurer that
is:
(1) licensed in the other jurisdiction; and
(2) considered to be in a hazardous financial
condition or in need of a specific remedy that may be imposed by the
commissioner and the insurance regulatory authority of the other
jurisdiction.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 403.101 403.102 404.001 404.002 404.003 404.004 404.005 404.006 404.051 404.052 404.053 421.001 421.002 422.001 422.002
Last modified: August 11, 2007
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