Sec. 463.111. BOARD AND ASSOCIATION ADVICE AND ASSISTANCE. (a) On a majority vote, the board may report and make recommendations to the commissioner on any matter germane to:
(1) the solvency, liquidation, rehabilitation, or conservation of a member insurer; or
(2) the solvency of an insurer seeking to engage in the business of insurance in this state.
(b) A report or recommendation under Subsection (a) is not a public document, and Chapter 552, Government Code, does not apply to the report or recommendation until the insurer that is the subject of the report or recommendation is designated as impaired.
(c) 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 or insolvent insurer.
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 D - Guaranty Associations
Chapter 463 - Texas Life and Health Insurance Guaranty Association
Subchapter C. General Powers and Duties of Association
Section 463.101. General Powers and Duties
Section 463.102. Plan of Operation; Amendments
Section 463.104. Association Records
Section 463.106. Delegation of Powers and Duties
Section 463.107. Exemption From Taxation
Section 463.108. Detection and Prevention of Impairment and Insolvency
Section 463.109. Association Appearance Before Court; Intervention
Section 463.110. Annual Report
Section 463.111. Board and Association Advice and Assistance
Section 463.112. Board Access to Records