Sec. 443.059. EFFECT OF PETITION OR ORDER ON CONTRACT OR LEASE. Neither the filing of a petition under this chapter nor the entry of any order of seizure, rehabilitation, or liquidation constitutes a breach or an anticipatory breach of any contract or lease of the insurer.
Added by Acts 2005, 79th Leg., Ch. 995 (H.B. 2157), Sec. 1, eff. September 1, 2005.
Redesignated from Insurance Code - Not Codified, Art/Sec 21A.059 by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 3B.004(a)(1), eff. September 1, 2007.
Redesignated from Insurance Code - Not Codified, Art/Sec 21A.059 by Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 9.004(a)(1), eff. September 1, 2007.
Structure Texas Statutes
Title 4 - Regulation of Solvency
Subtitle C - Delinquent Insurers
Chapter 443 - Insurer Receivership Act
Section 443.051. Receivership Court's Seizure Order
Section 443.052. Commencement of Formal Delinquency Proceeding
Section 443.053. Return of Summons and Summary Hearing
Section 443.054. Proceedings for Expedited Trial: Continuances, Discovery, Evidence
Section 443.055. Decision and Appeals
Section 443.056. Confidentiality
Section 443.057. Grounds for Conservation, Rehabilitation, or Liquidation
Section 443.058. Entry of Order
Section 443.059. Effect of Petition or Order on Contract or Lease