Tex. Insurance Code § 822.211
This is the official text of Tex. Insurance Code § 822.211, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 822.211. ACTION OF COMMISSIONER WHEN CAPITAL OR SURPLUS REQUIREMENTS NOT SATISFIED.
Official statutory text
If an insurance company does not comply with the capital and surplus requirements of this chapter, the commissioner may enter an order prohibiting the company from writing new business and may:
(1) place the company under state supervision or conservatorship;
(2) declare the company to be in a hazardous condition as provided by Subchapter A, Chapter 404;
(3) declare the company to be impaired as provided by Subchapter B, Chapter 404; or
(4) apply to the company any other applicable sanction provided by this code.
(1) place the company under state supervision or conservatorship;
(2) declare the company to be in a hazardous condition as provided by Subchapter A, Chapter 404;
(3) declare the company to be impaired as provided by Subchapter B, Chapter 404; or
(4) apply to the company any other applicable sanction provided by this code.
Status: in_force · Read it on the official government site
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