Tex. Insurance Code § 404.005
This is the official text of Tex. Insurance Code § 404.005, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 404.005. STANDARDS AND CRITERIA FOR EARLY WARNING.
Official statutory text
(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 to the insurer's policyholders or creditors or to the public; and
(2) establish standards for evaluating the financial condition of an insurer.
(b) Standards established by the commissioner under this section must be consistent with the purposes of Section 404.003.
(1) establish uniform standards and criteria for early warning that the continued operation of an insurer might be hazardous to the insurer's policyholders or creditors or to the public; and
(2) establish standards for evaluating the financial condition of an insurer.
(b) Standards established by the commissioner under this section must be consistent with the purposes of Section 404.003.
Status: in_force · Read it on the official government site
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