Sec. 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 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Section: Previous 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 NextLast modified: September 28, 2016