Sec. 463.113. BOARD REPORT AT CONCLUSION OF INSOLVENCY. (a) At the conclusion of an insurer insolvency in which the association was obligated to pay a covered claim, the board shall prepare and submit to the commissioner a report containing any information the board possesses concerning the history and causes of the insolvency.
(b) The board:
(1) shall cooperate with the boards of directors of guaranty associations in other states to prepare a report on the history and causes of the insolvency of a particular insurer; and
(2) may adopt by reference a report prepared by any of those associations.
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