Sec. 984.201. AGREEMENT TO COMPLY WITH CHAPTER. A Mexican casualty insurance company shall file in English a document executed by the company's officials expressly accepting the terms of this chapter and agreeing that the department may revoke, suspend, or refuse to grant a certificate of authority under this chapter on a determination by the commissioner that the company:
(1) is insolvent or in hazardous financial condition; or
(2) has violated an applicable law of this state or of the company's home jurisdiction.
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 984 - Mexican Casualty Insurance Companies
Subchapter E. Regulation and Enforcement
Section 984.201. Agreement to Comply With Chapter
Section 984.202. Annual Statement
Section 984.203. Authority to Conduct Examination
Section 984.204. Authority to Revoke or Suspend Certificate of Authority