Sec. 2602.115. ASSOCIATION AND BOARD ADVICE AND ASSISTANCE. (a) On the commissioner's request, the board shall attend hearings before the commissioner and meet with and advise the commissioner or the receiver or the conservator appointed by the commissioner on matters relating to:
(1) the affairs of an impaired title insurance company or agent;
(2) action that the commissioner, receiver, or conservator may take to best protect the interest of holders of covered claims against the company or agent; and
(3) the marshalling of assets.
(b) On the commissioner's request, the association may assist and advise the commissioner concerning rehabilitation, payment of claims, continuation of coverage, or the performance of other contractual obligations of an impaired title insurance company or agent.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Structure Texas Statutes
Subtitle C - Financial Solvency
Chapter 2602 - Texas Title Insurance Guaranty Association
Subchapter C. General Powers and Duties of Association
Section 2602.101. General Powers and Duties
Section 2602.102. Plan of Operation
Section 2602.103. Employees and Experts
Section 2602.104. Association Records
Section 2602.105. Meeting by Conference Call
Section 2602.107. Administrative Expenses
Section 2602.108. Deposit of Fees and Assessments
Section 2602.109. Use of Excess Money in Accounts
Section 2602.110. Expenses of Administering Impaired Insurer or Impaired Agent
Section 2602.111. Delegation of Powers and Duties
Section 2602.112. Exemption From Taxation
Section 2602.113. Detection and Prevention of Impairment
Section 2602.114. Meeting of Board on Impaired Title Insurance Company or Agent
Section 2602.115. Association and Board Advice and Assistance