Tex. Insurance Code § 827.003
This is the official text of Tex. Insurance Code § 827.003, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 827.003. WITHDRAWAL PLAN REQUIRED.
Official statutory text
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 by 50 percent or more;
(2) reduce the insurer's annual premium by 75 percent or more in a line of insurance in this state; or
(3) reduce in this state, or in any applicable rating territory, the insurer's total annual premium volume in a line of personal automobile or residential property insurance by 50 percent or more.
(1) reduce the insurer's total annual premium volume by 50 percent or more;
(2) reduce the insurer's annual premium by 75 percent or more in a line of insurance in this state; or
(3) reduce in this state, or in any applicable rating territory, the insurer's total annual premium volume in a line of personal automobile or residential property insurance by 50 percent or more.
Status: in_force · Read it on the official government site
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