Sec. 86.052. AUTHORITY TO BRING ACTION TO CLOSE AFFAIRS OR RESTRAIN BUSINESS OF DOMESTIC INSURANCE COMPANY. Only the department may bring an action to:
(1) close the affairs of an insurance company organized under the laws of this state; or
(2) enjoin, restrain, or interfere with the prosecution of the business of an insurance company organized under the laws of this state.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 12, eff. April 1, 2007.
Section: Previous 86.001 86.002 86.051Last modified: September 28, 2016