Sec. 463.355. FAILURE TO COMPLY WITH PLAN OF OPERATION. On failure of a member insurer to comply with the plan of operation, the commissioner may suspend or revoke, after notice and hearing, the insurer's certificate of authority to engage in the business of insurance in this state.
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 H. Powers and Duties of Commissioner and Department
Section 463.351. Notice of Commissioner Actions
Section 463.352. Advice From Board
Section 463.354. Demand to Cure Impairment
Section 463.355. Failure to Comply With Plan of Operation
Section 463.356. Assumption of Powers and Duties of Association