Texas Insurance Code - Section 441.006. Rules And Procedures For Merger Of Insurers
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§ 441.006. RULES AND PROCEDURES FOR MERGER OF
INSURERS. (a) The commissioner shall adopt rules that encourage
the merger of insurers in weak financial condition with insurers in
strong financial condition in cases in which rehabilitation or
conservation of an insurer would be inefficient or impracticable.
(b) The rules and procedures for conservatorship may not be
used unless the rules and procedures adopted to promote the merger
of insurers in weak financial condition are followed.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 427.054 427.055 441.001 441.002 441.003 441.004 441.005 441.006 441.007 441.008 441.051 441.052 441.053 441.101 441.102
Last modified: August 11, 2007
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