Texas Insurance Code - Section 442.115. Injunctions And Other Orders
Legal Research Home >
Texas Lawyer > Insurance Code > Texas Insurance Code - Section 442.115. Injunctions And Other Orders
§ 442.115. INJUNCTIONS AND OTHER ORDERS. (a) On
application by the receiver, the receivership court, with or
without notice, may issue:
(1) an injunction restraining the insurer named in the
order, the insurer's officers, directors, shareholders, members,
trustees, agents, employees, policyholders, attorneys, managers,
attorneys-in-fact, including associate, deputy, and substitute
attorneys-in-fact, and all other persons from:
(A) engaging in the insurer's business; or
(B) wasting or disposing of the insurer's
property; or
(2) an order requiring the delivery of the insurer's
assets to the receiver.
(b) At any time during a delinquency proceeding, the
receivership court may issue an injunction or order considered
necessary to prevent:
(1) interference with the receiver or the proceeding;
(2) waste of the insurer's assets;
(3) the initiation or prosecution of an action;
(4) the obtaining of a preference, judgment,
attachment, garnishment, or other lien; or
(5) the making of a levy against the insurer or against
all or part of the insurer's assets.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 442.108 442.109 442.110 442.111 442.112 442.113 442.114 442.115 442.116 442.117 442.118 442.119 442.151 442.152 442.153
Last modified: August 10, 2007
|
