Tex. Ins. Code § 404.005

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 404.005 - Standards and Criteria for Early Warning

(a) The commissioner by rule may:

(1) establish uniform standards and criteria for early warning that the continued operation of an insurer might be hazardous to the insurer's policyholders or creditors or to the public; and

(2) establish standards for evaluating the financial condition of an insurer.

(b) Standards established by the commissioner under this section must be consistent with the purposes of Section 404.003.

Tex. Ins. Code § 404.005

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 1, eff. 4/1/2007.