Sec. 86.052. AUTHORITY TO BRING ACTION TO CLOSE AFFAIRS OR RESTRAIN BUSINESS OF DOMESTIC INSURANCE COMPANY. Only the department may bring an action to:
(1) close the affairs of an insurance company organized under the laws of this state; or
(2) enjoin, restrain, or interfere with the prosecution of the business of an insurance company organized under the laws of this state.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 12, eff. April 1, 2007.
Structure Texas Statutes
Title 2 - Texas Department of Insurance
Subtitle B - Discipline and Enforcement
Subchapter B. Authority to Bring Certain Actions
Section 86.051. Authority to Bring Action for or Prosecute Violation of Law
Section 86.052. Authority to Bring Action to Close Affairs or Restrain Business of Domestic Insurance Company