Tex. Insurance Code § 463.113
This is the official text of Tex. Insurance Code § 463.113, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 463.113. BOARD REPORT AT CONCLUSION OF INSOLVENCY.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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