Texas Insurance Code Title 6, Chapter 827 - Withdrawal And Restriction Plans

• Texas Section 827.001 - Definitions
  In this chapter: (1) "Insurer" means an insurance company or other legal entity authorized to engage in the business of insurance in this state, including...
• Texas Section 827.002 - Exemption
  This chapter does not apply to a transfer of business from an insurer to a company that: (1) is within the same insurance group as...
• Texas Section 827.003 - Withdrawal Plan Required
  An insurer shall file with the commissioner a plan for orderly withdrawal if the insurer proposes to: (1) reduce the insurer's total annual premium volume...
• Texas Section 827.004 - Provisions Of Withdrawal Plan
  A withdrawal plan filed under Section 827.003 must: (1) be constructed to protect the interests of the people of this state; (2) indicate the dates...
• Texas Section 827.005 - Approval Of Withdrawal Plan
  (a) Except as provided by Subsection (b), the commissioner shall approve a withdrawal plan that adequately provides for meeting the requirements prescribed by Section 827.004(3)....
• Texas Section 827.006 - Resumption Of Writing Insurance After Complete Withdrawal
  An insurer that withdraws from writing all lines of insurance in this state may not, without the approval of the commissioner, resume writing insurance in...
• Texas Section 827.007 - Penalties
  The commissioner may impose the civil penalties under Chapter 82 on an insurer that fails to obtain the commissioner's approval before the insurer: (1) withdraws...
• Texas Section 827.008 - Restriction Plan
  (a) Before an insurer, in response to a catastrophic natural event that occurred during the preceding six months, may restrict writing new business in a...
• Texas Section 827.009 - Deposit Of Securities
  Under this chapter, the commissioner may require the deposit of securities in this state in trust in the name of the commissioner if the commissioner...
• Texas Section 827.010 - Moratorium
  (a) The commissioner may impose a moratorium of not longer than two years on: (1) the approval of withdrawal plans; or (2) the implementation of...
• Texas Section 827.011 - Rules
  The commissioner shall adopt rules as necessary to enforce this chapter. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Last modified: September 28, 2016