Texas Insurance Code - Section 441.203. Collection Of Fees From Rehabilitated Insurer
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§ 441.203. COLLECTION OF FEES FROM REHABILITATED
INSURER. (a) The commissioner may collect fees from an insurer
described by Section 82.002 that is successfully rehabilitated by
the commissioner. The fees must be in amounts sufficient to cover
the cost of rehabilitating the insurer, but may not exceed that
cost.
(b) The department may use fees collected under this section
only for the rehabilitation of the insurer from which the fees are
collected.
(c) Fees collected under this section shall be deposited in
and expended through the Texas Department of Insurance operating
account.
(d) The commissioner may determine the terms of the
collection or repayment of the fees.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 441.156 441.157 441.158 441.159 441.160 441.201 441.202 441.203 441.204 441.205 441.206 441.207 441.251 441.252 441.253
Last modified: August 10, 2007
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