Texas Insurance Code - Section 463.113. Board Report At Conclusion Of Insolvency
Legal Research Home >
Texas Lawyer > Insurance Code > Texas Insurance Code - Section 463.113. Board Report At Conclusion Of Insolvency
§ 463.113. BOARD REPORT AT CONCLUSION OF INSOLVENCY. (a)
At the conclusion of an insurer insolvency in which the association
was obligated to pay a covered claim, the board shall prepare and
submit to the commissioner a report containing any information the
board possesses concerning the history and causes of the
insolvency.
(b) The board:
(1) shall cooperate with the boards of directors of
guaranty associations in other states to prepare a report on the
history and causes of the insolvency of a particular insurer; and
(2) may adopt by reference a report prepared by any of
those associations.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 463.106 463.107 463.108 463.109 463.110 463.111 463.112 463.113 463.114 463.151 463.152 463.153 463.154 463.155 463.156
Last modified: August 11, 2007
|
