Sec. 941.206. HAZARDOUS FINANCIAL CONDITION, SUPERVISION, CONSERVATORSHIP, AND LIQUIDATION; IMPAIRMENT OF SURPLUS. (a) Subchapter A, Chapter 404, and Chapters 441 and 443 apply to a Lloyd's plan engaged in the business of insurance in this state.
(b) Subchapter B, Chapter 404, applies to a Lloyd's plan.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.117, eff. April 1, 2009.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle G - Lloyd's Plan and Reciprocal and Interinsurance Exchanges
Subchapter E. Financial Requirements
Section 941.201. Required Net Assets
Section 941.202. Limitation of Business
Section 941.203. Computation of Reserve
Section 941.204. Authorized Investments
Section 941.205. Joint Control of Minimum Assets
Section 941.206. Hazardous Financial Condition, Supervision, Conservatorship, and Liquidation; Impairment of Surplus