Tex. Insurance Code § 823.451
This is the official text of Tex. Insurance Code § 823.451, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 823.451. RECEIVERSHIP.
Official statutory text
If it appears to the commissioner that a person's violation of this chapter so impairs the financial condition of a domestic insurer as to threaten the insurer's insolvency or make the further transaction of the insurer's business hazardous to the insurer's policyholders or creditors or the public, the commissioner may proceed under Chapters 441 and 443 to take possession of the insurer's property and conduct the business of the insurer.
Status: in_force · Read it on the official government site
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