Sec. 981.063. COMMISSIONER OR DEPARTMENT NOT RESPONSIBLE FOR DETERMINING UNAUTHORIZED INSURER'S FINANCIAL CONDITION OR CLAIMS PRACTICES. This subchapter does not impose on the commissioner or department a responsibility to determine the actual financial condition or claims practices of an unauthorized insurer as described by Chapter 101.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas
Chapter 981 - Surplus Lines Insurance
Subchapter B. Eligibility Requirements for Surplus Lines Insurers
Section 981.051. Authorization Required
Section 981.054. Certain Preconditions Not Allowed
Section 981.057. Minimum Capital and Surplus Requirements
Section 981.058. Alien Insurers
Section 981.064. Commissioner May Order Revocation of Contracts