Texas Statutes
Insurance Code
Title 4 - Regulation of Solvency

Section 462.009. Applicability to Former Texas Workers' Compensation Insurance Facility and Successor - Sec. 462.009. APPLICABILITY TO FORMER TEXAS WORKERS' COMPENSATION INSURANCE FACILITY...

Section 462.010. Conflict With Other Laws - Sec. 462.010. CONFLICT WITH OTHER LAWS. (a) Except as provided...

Section 462.011. Immunity in General - Sec. 462.011. IMMUNITY IN GENERAL. (a) Liability does not exist...

Section 462.012. Immunity in Relation to Certain Reports and Recommendations - Sec. 462.012. IMMUNITY IN RELATION TO CERTAIN REPORTS AND RECOMMENDATIONS....

Section 462.013. Immunity in Relation to Certain Negotiations - Sec. 462.013. IMMUNITY IN RELATION TO CERTAIN NEGOTIATIONS. (a) Liability...

Section 462.014. Rules - Sec. 462.014. RULES. The commissioner shall adopt reasonable rules as...

Section 462.015. Information Provided by or to Commissioner - Sec. 462.015. INFORMATION PROVIDED BY OR TO COMMISSIONER. (a) The...

Section 462.016. Penalty for Failure to Pay Assessments or Comply With Plan of Operation - Sec. 462.016. PENALTY FOR FAILURE TO PAY ASSESSMENTS OR COMPLY...

Section 462.017. Appeals and Other Actions - Sec. 462.017. APPEALS AND OTHER ACTIONS. (a) A final action...

Subchapter B. Governance of Association

Section 462.051. Association as Legal Entity; Membership - Sec. 462.051. ASSOCIATION AS LEGAL ENTITY; MEMBERSHIP. (a) The Texas...

Section 462.052. Board of Directors - Sec. 462.052. BOARD OF DIRECTORS. (a) The association's powers are...

Section 462.053. Eligibility to Serve as Public Representative - Sec. 462.053. ELIGIBILITY TO SERVE AS PUBLIC REPRESENTATIVE. A board...

Section 462.054. Eligibility to Serve as Industry Representative - Sec. 462.054. ELIGIBILITY TO SERVE AS INDUSTRY REPRESENTATIVE. To be...

Section 462.055. Term; Vacancy - Sec. 462.055. TERM; VACANCY. (a) A board member serves a...

Section 462.056. Reimbursement of Board Members - Sec. 462.056. REIMBURSEMENT OF BOARD MEMBERS. A board member may...

Section 462.057. Financial Statement of Board Member - Sec. 462.057. FINANCIAL STATEMENT OF BOARD MEMBER. Each board member...

Section 462.058. Conflict of Interest - Sec. 462.058. CONFLICT OF INTEREST. (a) A director of the...

Section 462.059. Meeting by Conference Call - Sec. 462.059. MEETING BY CONFERENCE CALL. (a) Notwithstanding Chapter 551,...

Subchapter C. General Powers and Duties of Association

Section 462.101. General Powers and Duties - Sec. 462.101. GENERAL POWERS AND DUTIES. (a) The association may:...

Section 462.102. Association Not in Place of Impaired Insurer - Sec. 462.102. ASSOCIATION NOT IN PLACE OF IMPAIRED INSURER. In...

Section 462.103. Plan of Operation - Sec. 462.103. PLAN OF OPERATION. (a) The association shall perform...

Section 462.104. Notice to Insureds - Sec. 462.104. NOTICE TO INSUREDS. (a) The commissioner may require...

Section 462.105. Accounts - Sec. 462.105. ACCOUNTS. For purposes of administration and assessment, the...

Section 462.106. Administrative Expenses - Sec. 462.106. ADMINISTRATIVE EXPENSES. (a) The association may use money...

Section 462.107. Examination of Association - Sec. 462.107. EXAMINATION OF ASSOCIATION. Not later than April 30...

Section 462.108. Deposit of Money - Sec. 462.108. DEPOSIT OF MONEY. The board may deposit the...

Section 462.109. Delegation of Powers and Duties - Sec. 462.109. DELEGATION OF POWERS AND DUTIES. (a) Except as...

Section 462.110. Exemption From Certain Fees and Taxes - Sec. 462.110. EXEMPTION FROM CERTAIN FEES AND TAXES. The association...

Section 462.111. Access to Records of Member Insurer in Receivership; Actuarial and Operational Analysis - Sec. 462.111. ACCESS TO RECORDS OF MEMBER INSURER IN RECEIVERSHIP;...

Section 462.112. Board Access to Records of Impaired Insurer - Sec. 462.112. BOARD ACCESS TO RECORDS OF IMPAIRED INSURER. The...

Section 462.1121. Action to Obtain Information Concerning Insurer in Receivership Authorized - Sec. 462.1121. ACTION TO OBTAIN INFORMATION CONCERNING INSURER IN RECEIVERSHIP...

Section 462.113. Board Report on Conclusion of Insolvency - Sec. 462.113. BOARD REPORT ON CONCLUSION OF INSOLVENCY. On the...

Section 462.114. Duty of Receiver - Sec. 462.114. DUTY OF RECEIVER. The receiver shall periodically submit...

Subchapter D. Assessments in General

Section 462.151. Making of Assessment; Amount - Sec. 462.151. MAKING OF ASSESSMENT; AMOUNT. (a) The association shall...

Section 462.152. Maximum Total Assessment - Sec. 462.152. MAXIMUM TOTAL ASSESSMENT. (a) The total assessment of...

Section 462.153. Refund of Contribution - Sec. 462.153. REFUND OF CONTRIBUTION. The association may refund to...

Section 462.154. Notice of Assessment - Sec. 462.154. NOTICE OF ASSESSMENT. The association shall notify a...

Section 462.155. Deferment - Sec. 462.155. DEFERMENT. (a) The association may defer wholly or...

Section 462.156. Use of Assessments - Sec. 462.156. USE OF ASSESSMENTS. (a) The amounts provided under...

Section 462.157. Tax Credit - Sec. 462.157. TAX CREDIT. (a) An insurer is entitled to...

Section 462.158. Advance as Loan - Sec. 462.158. ADVANCE AS LOAN. Money advanced by the association...

Section 462.159. Estimate of Additional Money Needed on Impairment of Insurer - Sec. 462.159. ESTIMATE OF ADDITIONAL MONEY NEEDED ON IMPAIRMENT OF...

Section 462.160. Assessment for Additional Money for Accounts - Sec. 462.160. ASSESSMENT FOR ADDITIONAL MONEY FOR ACCOUNTS. If the...

Section 462.161. Amount of Assessment; Proration of Payment - Sec. 462.161. AMOUNT OF ASSESSMENT; PRORATION OF PAYMENT. (a) The...

Section 462.162. Maximum Assessment of Insurer; Additional Assessment Authority Under Certain Circumstances - Sec. 462.162. MAXIMUM ASSESSMENT OF INSURER; ADDITIONAL ASSESSMENT AUTHORITY UNDER...

Section 462.163. Payment of Assessment - Sec. 462.163. PAYMENT OF ASSESSMENT. An insurer shall pay the...

Section 462.164. Participation Receipts - Sec. 462.164. PARTICIPATION RECEIPTS. (a) On receipt from a member...

Section 462.165. Accounting; Reports; Refund - Sec. 462.165. ACCOUNTING; REPORTS; REFUND. (a) The association, with respect...

Section 462.166. Use of Excess Money in Account - Sec. 462.166. USE OF EXCESS MONEY IN ACCOUNT. (a) If...

Section 462.167. Collection of Assessments - Sec. 462.167. COLLECTION OF ASSESSMENTS. (a) The commissioner may collect...

Section 462.168. Exemption for Impaired Insurer - Sec. 462.168. EXEMPTION FOR IMPAIRED INSURER. An impaired insurer is...

Subchapter E. Covered Claims; Claimants

Section 462.201. Covered Claims in General - Sec. 462.201. COVERED CLAIMS IN GENERAL. A claim is a...

Section 462.202. Claim for Unearned Premiums - Sec. 462.202. CLAIM FOR UNEARNED PREMIUMS. (a) A claim for...

Section 462.203. Certain Expenses of Receivership or Conservatorship Estate Covered - Sec. 462.203. CERTAIN EXPENSES OF RECEIVERSHIP OR CONSERVATORSHIP ESTATE COVERED....

Section 462.204. Affiliate May Not Be Claimant - Sec. 462.204. AFFILIATE MAY NOT BE CLAIMANT. A person who...

Section 462.205. Determination of Residence of Entities - Sec. 462.205. DETERMINATION OF RESIDENCE OF ENTITIES. A corporation or...

Section 462.206. Claims Not Covered: Premium Under Retrospective Rating Plan - Sec. 462.206. CLAIMS NOT COVERED: PREMIUM UNDER RETROSPECTIVE RATING PLAN....

Section 462.207. Claims Not Covered: Amounts Due Certain Entities - Sec. 462.207. CLAIMS NOT COVERED: AMOUNTS DUE CERTAIN ENTITIES. (a)...

Section 462.208. Claims Not Covered: Supplementary Payment Obligations - Sec. 462.208. CLAIMS NOT COVERED: SUPPLEMENTARY PAYMENT OBLIGATIONS. A supplementary...

Section 462.209. Claims Not Covered: Prejudgment or Postjudgment Interest - Sec. 462.209. CLAIMS NOT COVERED: PREJUDGMENT OR POSTJUDGMENT INTEREST. Prejudgment...

Section 462.210. Claims Not Covered: Certain Damages - Sec. 462.210. CLAIMS NOT COVERED: CERTAIN DAMAGES. A claim against...

Section 462.211. Claims Not Covered: Late Filed Claims - Sec. 462.211. CLAIMS NOT COVERED: LATE FILED CLAIMS. (a) Notwithstanding...

Section 462.212. Net Worth Exclusion - Sec. 462.212. NET WORTH EXCLUSION. (a) Except for a workers'...

Section 462.213. Amount of Individual Covered Claim; Limit - Sec. 462.213. AMOUNT OF INDIVIDUAL COVERED CLAIM; LIMIT. (a) Except...

Section 462.214. Certain Shareholders' Claims: Limit - Sec. 462.214. CERTAIN SHAREHOLDERS' CLAIMS: LIMIT. Notwithstanding any other provision...

Subchapter F. Nonduplication of Recovery

Section 462.251. Exhaustion of Rights Under Other Policy Required - Sec. 462.251. EXHAUSTION OF RIGHTS UNDER OTHER POLICY REQUIRED. (a)...

Section 462.252. Reduction in Amount of Covered Claim for Other Policy - Sec. 462.252. REDUCTION IN AMOUNT OF COVERED CLAIM FOR OTHER...

Section 462.253. Effect on Insured of Reduction in Amount of Covered Claim - Sec. 462.253. EFFECT ON INSURED OF REDUCTION IN AMOUNT OF...

Section 462.254. Recovery From More Than One Guaranty Association - Sec. 462.254. RECOVERY FROM MORE THAN ONE GUARANTY ASSOCIATION. (a)...

Section 462.255. Certain Claims Subject to Lien or Subrogation; Limit on Total Recovery - Sec. 462.255. CERTAIN CLAIMS SUBJECT TO LIEN OR SUBROGATION; LIMIT...

Subchapter G. Association Powers and Duties Relating to Covered Claims

Section 462.301. General Powers and Duties of Association in Connection With Payment of Covered Claims - Sec. 462.301. GENERAL POWERS AND DUTIES OF ASSOCIATION IN CONNECTION...

Section 462.302. Payment of Covered Claims - Sec. 462.302. PAYMENT OF COVERED CLAIMS. (a) The association shall...

Section 462.303. Certain Determinations Not Binding - Sec. 462.303. CERTAIN DETERMINATIONS NOT BINDING. (a) The association is...

Section 462.304. Servicing Facility - Sec. 462.304. SERVICING FACILITY. (a) The association shall handle claims...

Section 462.305. Limitation of Association's Liability - Sec. 462.305. LIMITATION OF ASSOCIATION'S LIABILITY. The association is not...

Section 462.306. Discharge of Policy Obligation - Sec. 462.306. DISCHARGE OF POLICY OBLIGATION. (a) The association shall...

Section 462.307. Assignment of Rights - Sec. 462.307. ASSIGNMENT OF RIGHTS. (a) A person recovering under...

Section 462.308. Recovery From Certain Persons - Sec. 462.308. RECOVERY FROM CERTAIN PERSONS. (a) The association is...

Section 462.309. Stay of Proceedings; Certain Decisions Not Binding - Sec. 462.309. STAY OF PROCEEDINGS; CERTAIN DECISIONS NOT BINDING. (a)...

Section 462.310. Settlement by Association Binding; Priority of Claim and Expenses - Sec. 462.310. SETTLEMENT BY ASSOCIATION BINDING; PRIORITY OF CLAIM AND...

Section 462.311. Report to Receiver - Sec. 462.311. REPORT TO RECEIVER. The association shall periodically file...

Subchapter H. Release From Receivership

Section 462.351. Issuance of Policies After Release From Receivership - Sec. 462.351. ISSUANCE OF POLICIES AFTER RELEASE FROM RECEIVERSHIP. (a)...

Chapter 463 - Texas Life and Health Insurance Guaranty Association

Subchapter A. General Provisions

Section 463.001. Short Title - Sec. 463.001. SHORT TITLE. This chapter may be cited as...

Section 463.002. Purpose - Sec. 463.002. PURPOSE. The purpose of this chapter is to...

Section 463.003. General Definitions - Sec. 463.003. GENERAL DEFINITIONS. In this chapter: (1) "Association" means...

Section 463.0031. Definition of Principal Place of Business of Plan Sponsor or Other Person - Sec. 463.0031. DEFINITION OF PRINCIPAL PLACE OF BUSINESS OF PLAN...

Section 463.0032. Use of Terms Policy and Contract - Sec. 463.0032. USE OF TERMS POLICY AND CONTRACT. For purposes...

Section 463.004. Construction - Sec. 463.004. CONSTRUCTION. This chapter shall be liberally construed to...

Section 463.005. Immunity - Sec. 463.005. IMMUNITY. (a) The following persons are not liable,...

Section 463.006. Rules - Sec. 463.006. RULES. The commissioner shall adopt reasonable rules as...

Section 463.007. Construction of Long-Term Care Rider - Sec. 463.007. CONSTRUCTION OF LONG-TERM CARE RIDER. For purposes of...

Subchapter B. Governance of and Participation in Association

Section 463.051. Purpose and Regulation of Association - Sec. 463.051. PURPOSE AND REGULATION OF ASSOCIATION. (a) The Texas...

Section 463.052. Required Participation in Association - Sec. 463.052. REQUIRED PARTICIPATION IN ASSOCIATION. (a) As a condition...

Section 463.053. Board of Directors - Sec. 463.053. BOARD OF DIRECTORS. (a) The association's powers are...

Section 463.054. Eligibility to Serve as Public Representative - Sec. 463.054. ELIGIBILITY TO SERVE AS PUBLIC REPRESENTATIVE. To be...

Section 463.055. Term; Vacancy - Sec. 463.055. TERM; VACANCY. (a) Board members serve staggered six-year...

Section 463.056. Compensation of Board Members - Sec. 463.056. COMPENSATION OF BOARD MEMBERS. A board member may...

Section 463.057. Financial Statement of Board Member - Sec. 463.057. FINANCIAL STATEMENT OF BOARD MEMBER. Each board member...

Section 463.058. Conflict of Interest - Sec. 463.058. CONFLICT OF INTEREST. (a) In this section, "transaction...

Section 463.059. Meetings by Telephone and Videoconference - Sec. 463.059. MEETINGS BY TELEPHONE AND VIDEOCONFERENCE. (a) Notwithstanding Chapter...

Subchapter C. General Powers and Duties of Association

Section 463.101. General Powers and Duties - Sec. 463.101. GENERAL POWERS AND DUTIES. (a) The association may:...

Section 463.102. Plan of Operation; Amendments - Sec. 463.102. PLAN OF OPERATION; AMENDMENTS. (a) The association shall...

Section 463.103. Personnel - Sec. 463.103. PERSONNEL. The association may employ or retain employees...

Section 463.104. Association Records - Sec. 463.104. ASSOCIATION RECORDS. (a) The association shall maintain a...

Section 463.105. Accounts - Sec. 463.105. ACCOUNTS. For the purposes of administration and assessment,...

Section 463.106. Delegation of Powers and Duties - Sec. 463.106. DELEGATION OF POWERS AND DUTIES. (a) The plan...

Section 463.107. Exemption From Taxation - Sec. 463.107. EXEMPTION FROM TAXATION. The association is exempt from...

Section 463.108. Detection and Prevention of Impairment and Insolvency - Sec. 463.108. DETECTION AND PREVENTION OF IMPAIRMENT AND INSOLVENCY. On...

Section 463.109. Association Appearance Before Court; Intervention - Sec. 463.109. ASSOCIATION APPEARANCE BEFORE COURT; INTERVENTION. (a) The association...

Section 463.110. Annual Report - Sec. 463.110. ANNUAL REPORT. Not later than the 120th day...

Section 463.111. Board and Association Advice and Assistance - Sec. 463.111. BOARD AND ASSOCIATION ADVICE AND ASSISTANCE. (a) On...

Section 463.112. Board Access to Records - Sec. 463.112. BOARD ACCESS TO RECORDS. The receiver or statutory...

Section 463.113. Board Report at Conclusion of Insolvency - Sec. 463.113. BOARD REPORT AT CONCLUSION OF INSOLVENCY. (a) At...

Section 463.114. Summary Document; Disclaimer - Sec. 463.114. SUMMARY DOCUMENT; DISCLAIMER. (a) The association shall prepare...

Subchapter D. Assessments

Section 463.151. Making and Payment of Assessment - Sec. 463.151. MAKING AND PAYMENT OF ASSESSMENT. (a) The association...

Section 463.152. Classes of Assessments - Sec. 463.152. CLASSES OF ASSESSMENTS. (a) Assessments are classified as...

Section 463.153. Amount of Assessments - Sec. 463.153. AMOUNT OF ASSESSMENTS. (a) The board shall determine...

Section 463.154. Deferment - Sec. 463.154. DEFERMENT. The association may wholly or partly defer...

Section 463.155. Deposit of Assessments - Sec. 463.155. DEPOSIT OF ASSESSMENTS. The association may deposit assessments...

Section 463.156. Certificate of Contribution - Sec. 463.156. CERTIFICATE OF CONTRIBUTION. The association shall issue to...

Section 463.157. Refunds - Sec. 463.157. REFUNDS. (a) The board may refund to member...

Section 463.158. Use of Assessments - Sec. 463.158. USE OF ASSESSMENTS. Money from assessments supplements the...

Section 463.159. Failure to Pay; Collection by Commissioner - Sec. 463.159. FAILURE TO PAY; COLLECTION BY COMMISSIONER. On failure...

Section 463.160. Premium Tax Credit for Class a Assessment - Sec. 463.160. PREMIUM TAX CREDIT FOR CLASS A ASSESSMENT. The...

Section 463.161. Premium Tax Credit for Class B Assessment - Sec. 463.161. PREMIUM TAX CREDIT FOR CLASS B ASSESSMENT. (a)...

Section 463.162. Assignment or Transfer of Credit - Sec. 463.162. ASSIGNMENT OR TRANSFER OF CREDIT. (a) A member...

Section 463.163. Insured's Liability Under Assessment Plan - Sec. 463.163. INSURED'S LIABILITY UNDER ASSESSMENT PLAN. This chapter does...

Subchapter E. Coverage Provided by Association

Section 463.201. Persons Covered - Sec. 463.201. PERSONS COVERED. (a) Subject to Subsections (b) and...

Section 463.202. Policies and Contracts Covered - Sec. 463.202. POLICIES AND CONTRACTS COVERED. (a) Except as limited...

Section 463.203. Policies and Contracts Excluded - Sec. 463.203. POLICIES AND CONTRACTS EXCLUDED. (a) In this section,...

Section 463.204. Obligations Excluded - Sec. 463.204. OBLIGATIONS EXCLUDED. A contractual obligation does not include:...

Section 463.205. Protection Provided by Other Jurisdiction - Sec. 463.205. PROTECTION PROVIDED BY OTHER JURISDICTION. This chapter does...

Section 463.206. Association Discretion in Manner of Providing Benefits - Sec. 463.206. ASSOCIATION DISCRETION IN MANNER OF PROVIDING BENEFITS. (a)...

Subchapter F. Powers and Duties of Association Relating

Section 463.251. Impaired Domestic Insurer - Sec. 463.251. IMPAIRED DOMESTIC INSURER. (a) This section applies only...

Section 463.252. Impaired Domestic, Foreign, or Alien Insurer Not Paying Claims - Sec. 463.252. IMPAIRED DOMESTIC, FOREIGN, OR ALIEN INSURER NOT PAYING...

Section 463.253. Insolvent Insurer - Sec. 463.253. INSOLVENT INSURER. (a) This section applies only to...

Section 463.254. Life or Health Insurance Policies or Contracts - Sec. 463.254. LIFE OR HEALTH INSURANCE POLICIES OR CONTRACTS. (a)...

Section 463.255. Policy or Contract With Guaranteed Interest Rate - Sec. 463.255. POLICY OR CONTRACT WITH GUARANTEED INTEREST RATE. In...

Section 463.256. Alternative Policy - Sec. 463.256. ALTERNATIVE POLICY. (a) An alternative policy issued by...

Section 463.257. Imposition of Lien or Moratorium - Sec. 463.257. IMPOSITION OF LIEN OR MORATORIUM. To carry out...

Section 463.258. Premium for Reissuance of Terminated Coverage - Sec. 463.258. PREMIUM FOR REISSUANCE OF TERMINATED COVERAGE. If the...

Section 463.259. Premium Due During Receivership - Sec. 463.259. PREMIUM DUE DURING RECEIVERSHIP. After a court enters...

Section 463.260. Limits on and Termination of Association Obligation - Sec. 463.260. LIMITS ON AND TERMINATION OF ASSOCIATION OBLIGATION. (a)...

Section 463.261. Assignment of Rights - Sec. 463.261. ASSIGNMENT OF RIGHTS. (a) A person receiving a...

Section 463.262. Effect of Subrogation and Assignment of Rights and Available Assets on Association Obligation - Sec. 463.262. EFFECT OF SUBROGATION AND ASSIGNMENT OF RIGHTS AND...

Section 463.263. Deposit to Be Paid to Association - Sec. 463.263. DEPOSIT TO BE PAID TO ASSOCIATION. (a) A...

Section 463.264. Reinsurance - Sec. 463.264. REINSURANCE. (a) The association may elect to succeed...

Subchapter G. Operation of Impaired or Insolvent Insurer

Section 463.301. Issuance or Renewal of Policies Following Conservatorship or Receivership - Sec. 463.301. ISSUANCE OR RENEWAL OF POLICIES FOLLOWING CONSERVATORSHIP OR...

Section 463.302. Distributions to Shareholders and Affiliates - Sec. 463.302. DISTRIBUTIONS TO SHAREHOLDERS AND AFFILIATES. (a) An impaired...

Section 463.303. Assets Attributable to Covered Policies - Sec. 463.303. ASSETS ATTRIBUTABLE TO COVERED POLICIES. (a) For the...

Section 463.304. Distribution of Ownership Rights of Impaired or Insolvent Insurer - Sec. 463.304. DISTRIBUTION OF OWNERSHIP RIGHTS OF IMPAIRED OR INSOLVENT...

Subchapter H. Powers and Duties of Commissioner and Department

Section 463.351. Notice of Commissioner Actions - Sec. 463.351. NOTICE OF COMMISSIONER ACTIONS. (a) The commissioner shall:...

Section 463.352. Advice From Board - Sec. 463.352. ADVICE FROM BOARD. The commissioner may seek the...

Section 463.353. Examination - Sec. 463.353. EXAMINATION. (a) The board by majority vote may...

Section 463.354. Demand to Cure Impairment - Sec. 463.354. DEMAND TO CURE IMPAIRMENT. (a) When an impairment...

Section 463.355. Failure to Comply With Plan of Operation - Sec. 463.355. FAILURE TO COMPLY WITH PLAN OF OPERATION. On...

Section 463.356. Assumption of Powers and Duties of Association - Sec. 463.356. ASSUMPTION OF POWERS AND DUTIES OF ASSOCIATION. The...

Section 463.357. Notification of Effect of Chapter - Sec. 463.357. NOTIFICATION OF EFFECT OF CHAPTER. The commissioner, as...

Section 463.358. Statement of Premiums - Sec. 463.358. STATEMENT OF PREMIUMS. On request, the commissioner shall...

Subchapter I. Appeals and Other Actions

Section 463.401. Appeal to Commissioner - Sec. 463.401. APPEAL TO COMMISSIONER. (a) Not later than the...

Section 463.402. Venue - Sec. 463.402. VENUE. Venue for an action against the association...

Section 463.403. Appeal Bond - Sec. 463.403. APPEAL BOND. The association is not required to...

Section 463.404. Stay of Proceedings; Certain Decisions Not Binding - Sec. 463.404. STAY OF PROCEEDINGS; CERTAIN DECISIONS NOT BINDING. (a)...

Subchapter J. Prohibited Practices

Section 463.451. Prohibited Use of Protection Provided by Chapter - Sec. 463.451. PROHIBITED USE OF PROTECTION PROVIDED BY CHAPTER. (a)...

Chapter 464 - Unauthorized Insurance Guaranty Fund Act

Subchapter A. General Provisions

Section 464.001. Short Title - Sec. 464.001. SHORT TITLE. This chapter may be cited as...

Section 464.002. Construction and Purpose - Sec. 464.002. CONSTRUCTION AND PURPOSE. (a) The purpose of this...

Section 464.003. Definitions - Sec. 464.003. DEFINITIONS.In this chapter: (1) "Delinquency proceeding" has the...

Section 464.004. Applicability - Sec. 464.004. APPLICABILITY. This chapter applies to a delinquency proceeding...

Section 464.005. Immunity - Sec. 464.005. IMMUNITY. Liability does not exist and a cause...

Section 464.006. Exemption From Certain Fees and Taxes - Sec. 464.006. EXEMPTION FROM CERTAIN FEES AND TAXES. The fund...

Section 464.007. Rules - Sec. 464.007. RULES. The commissioner may adopt rules as necessary...

Subchapter B. Fund

Section 464.051. Creation of Unauthorized Insurance Guaranty Fund - Sec. 464.051. CREATION OF UNAUTHORIZED INSURANCE GUARANTY FUND. The unauthorized...

Section 464.052. Deposit of Funds - Sec. 464.052. DEPOSIT OF FUNDS. (a) The fund account shall...

Section 464.053. Advance of Funds - Sec. 464.053. ADVANCE OF FUNDS. (a) In the event of...

Section 464.054. Use of Funds - Sec. 464.054. USE OF FUNDS. (a) An amount advanced under...

Subtitle E - Requirements of Other Jurisdictions

Chapter 481 - Voluntary Deposits

Section 481.001. Deposit With Comptroller - Sec. 481.001. DEPOSIT WITH COMPTROLLER. (a) An insurer organized and...

Section 481.002. Applicability of Chapter to Certain Deposits - Sec. 481.002. APPLICABILITY OF CHAPTER TO CERTAIN DEPOSITS. A voluntary...

Section 481.003. Duties of Comptroller - Sec. 481.003. DUTIES OF COMPTROLLER. The comptroller shall receive a...

Section 481.004. Access to Deposit - Sec. 481.004. ACCESS TO DEPOSIT. In accordance with reasonable rules...

Section 481.005. Situs of Deposit for Tax Purposes - Sec. 481.005. SITUS OF DEPOSIT FOR TAX PURPOSES. For purposes...

Section 481.006. Withdrawal of Deposit - Sec. 481.006. WITHDRAWAL OF DEPOSIT. (a) An insurer that makes...

Section 481.007. Withdrawal of Deposit After Merger, Consolidation, or Total Reinsurance - Sec. 481.007. WITHDRAWAL OF DEPOSIT AFTER MERGER, CONSOLIDATION, OR TOTAL...

Section 481.008. Return of Deposit - Sec. 481.008. RETURN OF DEPOSIT. An insurer that has made...

Section 481.009. Delivery of Deposit by Comptroller - Sec. 481.009. DELIVERY OF DEPOSIT BY COMPTROLLER. On being provided...

Subtitle F - Reinsurance

Chapter 491 - General Reinsurance Requirements

Subchapter A. Reinsurance

Section 491.001. Inapplicability of Subchapter - Sec. 491.001. INAPPLICABILITY OF SUBCHAPTER. This subchapter does not apply...

Section 491.002. Reinsurance Permitted - Sec. 491.002. REINSURANCE PERMITTED. An insurer or reinsurer authorized to...

Section 491.003. Risk Limitation for Domestic or Foreign Insurer - Sec. 491.003. RISK LIMITATION FOR DOMESTIC OR FOREIGN INSURER. An...

Section 491.004. Risk Limitation for Alien Insurer - Sec. 491.004. RISK LIMITATION FOR ALIEN INSURER. An insurer incorporated...

Section 491.005. Compliance With Other Law - Sec. 491.005. COMPLIANCE WITH OTHER LAW. Reinsurance that is required...

Subchapter B. Computation of Reinsurance Reserve

Section 491.051. Computation of Reserve for Insurer With No Basis Prescribed by Law - Sec. 491.051. COMPUTATION OF RESERVE FOR INSURER WITH NO BASIS...

Section 491.052. Computation of Reinsurance Reserves for Certain Insurers - Sec. 491.052. COMPUTATION OF REINSURANCE RESERVES FOR CERTAIN INSURERS. (a)...

Chapter 493 - Authorized Reinsurance; Credit and Accounting

Subchapter A. General Provisions

Section 493.001. Definitions - Sec. 493.001. DEFINITIONS. In this chapter: (1) "Assuming insurer" means...

Section 493.002. Applicability of Chapter - Sec. 493.002. APPLICABILITY OF CHAPTER. (a) Except as provided by...

Section 493.003. Rules - Sec. 493.003. RULES. The commissioner may adopt necessary and reasonable...

Subchapter B. Reinsurance

Section 493.051. Reinsurance Authorized - Sec. 493.051. REINSURANCE AUTHORIZED. (a) An insurer authorized to engage...

Section 493.052. Limitation on Reinsurance of Entire Outstanding Business - Sec. 493.052. LIMITATION ON REINSURANCE OF ENTIRE OUTSTANDING BUSINESS. (a)...

Section 493.053. Filing of Reinsurance Schedules - Sec. 493.053. FILING OF REINSURANCE SCHEDULES. The commissioner shall require...

Section 493.054. Accounting for Reinsurance Contracts - Sec. 493.054. ACCOUNTING FOR REINSURANCE CONTRACTS. (a) An insurer shall...

Section 493.055. Limitation on Rights Against Reinsurer - Sec. 493.055. LIMITATION ON RIGHTS AGAINST REINSURER. A person does...

Subchapter C. Credit for Reinsurance

Section 493.101. Exclusive Procedure for Taking Credit for Reinsurance - Sec. 493.101. EXCLUSIVE PROCEDURE FOR TAKING CREDIT FOR REINSURANCE. A...

Section 493.102. Credit for Reinsurance Generally - Sec. 493.102. CREDIT FOR REINSURANCE GENERALLY. (a) A ceding insurer...

Section 493.103. Accredited Reinsurer - Sec. 493.103. ACCREDITED REINSURER. For purposes of Section 493.102(a)(2), an...

Section 493.1033. Credit Allowed for Certain Certified Reinsurers - Sec. 493.1033. CREDIT ALLOWED FOR CERTAIN CERTIFIED REINSURERS. (a) Credit...

Section 493.1034. Certain Associations May Be Certified Reinsurers - Sec. 493.1034. CERTAIN ASSOCIATIONS MAY BE CERTIFIED REINSURERS. (a) An...

Section 493.1035. Qualified Jurisdictions - Sec. 493.1035. QUALIFIED JURISDICTIONS. (a) The commissioner shall develop and...

Section 493.1036. Requirements for Certified Reinsurer - Sec. 493.1036. REQUIREMENTS FOR CERTIFIED REINSURER. (a) The commissioner shall...

Section 493.1037. Certification by National Association of Insurance Commissioners - Sec. 493.1037. CERTIFICATION BY NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS. If...

Section 493.1038. Suspension or Revocation of Accreditation or Certification; Inactive Status - Sec. 493.1038. SUSPENSION OR REVOCATION OF ACCREDITATION OR CERTIFICATION; INACTIVE...

Section 493.1039. Concentration Risk - Sec. 493.1039. CONCENTRATION RISK. (a) A ceding insurer shall manage...

Section 493.104. Credit for Funds Securing Reinsurance Obligations - Sec. 493.104. CREDIT FOR FUNDS SECURING REINSURANCE OBLIGATIONS. (a) Subject...

Section 493.105. Acceptability of Certain Letters of Credit - Sec. 493.105. ACCEPTABILITY OF CERTAIN LETTERS OF CREDIT. A letter...

Section 493.106. Credit for Reinsurance: Direct Payment on Liability Required - Sec. 493.106. CREDIT FOR REINSURANCE: DIRECT PAYMENT ON LIABILITY REQUIRED....

Section 493.107. Request for Information From Assuming Insurer - Sec. 493.107. REQUEST FOR INFORMATION FROM ASSUMING INSURER. (a) The...

Section 493.108. Credit Allowed for Certain Eligible Assuming Insurers - Sec. 493.108. CREDIT ALLOWED FOR CERTAIN ELIGIBLE ASSUMING INSURERS. (a)...

Subchapter D. Requirements for Trust Credit Allowance

Section 493.151. Applicability of Subchapter - Sec. 493.151. APPLICABILITY OF SUBCHAPTER. This subchapter applies to: (1)...

Section 493.152. Composition of Trust - Sec. 493.152. COMPOSITION OF TRUST. (a) If the assuming insurer...

Section 493.153. Form of Trust - Sec. 493.153. FORM OF TRUST. (a) The trust must be...

Section 493.154. Terms of Trust - Sec. 493.154. TERMS OF TRUST. (a) The trust instrument must...

Section 493.155. Reports and Certification - Sec. 493.155. REPORTS AND CERTIFICATION. (a) Not later than February...

Section 493.156. Certain Trusteed Assuming Insurers: Requirements for Reinsurance Contract - Sec. 493.156. CERTAIN TRUSTEED ASSUMING INSURERS: REQUIREMENTS FOR REINSURANCE CONTRACT....

Section 493.1561. Certain Trusteed Assuming Reinsurers; Requirements for Trust Agreement - Sec. 493.1561. CERTAIN TRUSTEED ASSUMING REINSURERS; REQUIREMENTS FOR TRUST AGREEMENT....

Section 493.157. Examination of Trust and Assuming Insurer - Sec. 493.157. EXAMINATION OF TRUST AND ASSUMING INSURER. The trust...

Chapter 494 - Reinsurance of Aircraft and Space Equipment Risks

Section 494.001. Definitions - Sec. 494.001. DEFINITIONS. In this chapter: (1) "Aircraft" means an...

Section 494.002. Authority to Reinsure - Sec. 494.002. AUTHORITY TO REINSURE. (a) A domestic insurance company...

Section 494.003. Requirement for Ceding Insurer - Sec. 494.003. REQUIREMENT FOR CEDING INSURER. To enter into a...

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Texas Statutes Insurance Code Title 4 - Regulation of Solvency

Texas Statutes
Insurance Code
Title 4 - Regulation of Solvency