Tex. Insurance Code § 964.065
This is the official text of Tex. Insurance Code § 964.065, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 964.065. SUSPENSION OR REVOCATION OF CERTIFICATE OF AUTHORITY.
Official statutory text
The commissioner, after notice and an opportunity for hearing, may revoke or suspend the certificate of authority of a captive insurance company for:
(1) insolvency or impairment of required capital or surplus, or the equivalent, to policyholders;
(2) failure to submit an annual report, as required by Section 964.060;
(3) failure to comply with the provisions of its own charter, bylaws, rules, or other governing document;
(4) failure to submit to examination, as required by Chapter 401;
(5) failure to pay the cost of examination, as required by Chapter 401;
(6) failure to pay any tax or fee required by this code;
(7) removal of its principal office or books and records from this state without prior approval of the commissioner;
(8) use of practices that render its operation detrimental to the public or its condition unsound; or
(9) failure to otherwise comply with the laws of this state.
(1) insolvency or impairment of required capital or surplus, or the equivalent, to policyholders;
(2) failure to submit an annual report, as required by Section 964.060;
(3) failure to comply with the provisions of its own charter, bylaws, rules, or other governing document;
(4) failure to submit to examination, as required by Chapter 401;
(5) failure to pay the cost of examination, as required by Chapter 401;
(6) failure to pay any tax or fee required by this code;
(7) removal of its principal office or books and records from this state without prior approval of the commissioner;
(8) use of practices that render its operation detrimental to the public or its condition unsound; or
(9) failure to otherwise comply with the laws of this state.
Status: in_force · Read it on the official government site
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