Sec. 441.004. ACTIONS OF COMMISSIONER. (a) In the event of an insurer's delinquency or suspected delinquency, the commissioner, in the commissioner's administrative discretion, may act under this chapter, another applicable law, or a combination of this chapter and another applicable law.
(b) If the commissioner determines to act under this chapter or is directed by a court to act under this chapter, the commissioner shall comply with the requirements of this chapter.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Structure Texas Statutes
Title 4 - Regulation of Solvency
Subtitle C - Delinquent Insurers
Chapter 441 - Supervision and Conservatorship
Subchapter A. General Provisions
Section 441.001. Findings and Purpose
Section 441.003. Applicability of and Compliance With Chapter
Section 441.004. Actions of Commissioner
Section 441.005. Rules; Authority for Administrative Action
Section 441.006. Rules and Procedures for Merger of Insurers
Section 441.007. Conflict With Other Laws
Section 441.008. Inapplicability of Certain Administrative Procedure Provisions