Sec. 441.152. NOTICE OF CONSERVATORSHIP. (a) Not later than the seventh day after the date the commissioner enters an order appointing a conservator for an insurer as provided by Section 441.151 or Subchapter F, the commissioner shall publish notice of the conservatorship in at least one newspaper of general circulation in each county with a population of at least 100,000.
(b) The notice must include:
(1) the name of the insurer placed in conservatorship;
(2) the date the insurer was placed in conservatorship in this state;
(3) the reasons for placing the insurer in conservatorship;
(4) any action with respect to the insurer that is available to a policyholder; and
(5) any requirement with which a policyholder must comply.
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
Section 441.151. Appointment of Conservator
Section 441.152. Notice of Conservatorship
Section 441.153. Powers and Duties of Conservator
Section 441.154. Payment of Claims
Section 441.155. Reinsurance During Conservatorship
Section 441.156. Hearings During Conservatorship