Texas Insurance Code Title 4, Chapter 404 - Financial Condition

SUBCHAPTER A HAZARDOUS FINANCIAL CONDITION

• Texas Section 404.001 - Definition
  In this subchapter, "insurer" includes: (1) a capital stock insurance company; (2) a reciprocal or interinsurance exchange; (3) a Lloyd's plan; (4) a fraternal benefit...
• Texas Section 404.002 - Applicability Of Subchapter
  This subchapter applies to a person or organization engaged in the business of insurance without regard to whether the person or organization is listed in...
• Texas Section 404.003 - Order To Remedy Condition
  (a) If the financial condition of an insurer, when reviewed as provided by Subsection (b), indicates a condition that might make the insurer's continued operation...
• Texas Section 404.004 - Construction With Law Relating To Capital And Surplus
  The commissioner's authority under Section 404.003 to require an increase in an insurer's capital and surplus by contribution, and any capital and surplus requirements imposed...
• Texas Section 404.005 - Standards And Criteria For Early Warning
  (a) The commissioner by rule may: (1) establish uniform standards and criteria for early warning that the continued operation of an insurer might be hazardous...

SUBCHAPTER B IMPAIRMENT OF STOCK OR SURPLUS

• Texas Section 404.006 - Agreement With Another Jurisdiction
  The commissioner may enter into an agreement with the insurance regulatory authority of another jurisdiction concerning the management, volume of business, expenses of operation, plans...
• Texas Section 404.051 - Impairment Prohibited
  (a) The impairment of the capital stock of a stock insurance company is prohibited. (b) Impairment of the following surpluses in excess of that provided...
• Texas Section 404.052 - Determination Of Impairment
  (a) When determining under this subchapter whether the surplus or the minimum required aggregate surplus of an insurer is impaired, the commissioner shall charge against...
• Texas Section 404.053 - Remedy For Impairment
  (a) The commissioner shall order an insurer to remedy an impairment of the insurer's surplus, aggregate surplus, or aggregate of guaranty fund and surplus, as...

Last modified: September 28, 2016