Texas Insurance Code - Section 441.254. Failure To Comply With Requirements Of Supervision
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§ 441.254. FAILURE TO COMPLY WITH REQUIREMENTS OF
SUPERVISION. The failure of an insurer described by Section
441.251 to comply during supervision with the requirements of
Section 441.104 with respect to any asset or policy located in this
state is grounds for the immediate revocation of the insurer's
certificate of authority to engage in business in this state and for
the immediate appointment of an ancillary conservator to take
charge of the insurer's assets located in this state.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 441.204 441.205 441.206 441.207 441.251 441.252 441.253 441.254 441.255 441.301 441.302 441.351 442.001 442.002 442.003
Last modified: August 10, 2007
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