Section 463.251 - Impaired Domestic Insurer(a) This section applies only to a member insurer that is an impaired domestic insurer.(b) With the commissioner's approval, the association may: (1) guarantee, assume, reissue, or reinsure, or cause to be guaranteed, assumed, reissued, or reinsured, one or more of the insurer's policies or contracts;(2) provide money, pledges, notes, guarantees, or other means proper to:(A) implement Subdivision (1); and(B) ensure payment of the insurer's contractual obligations until action is taken under Subdivision (1); or(3) loan money to the insurer.(c) In taking action under Subsection (b), the association may impose any condition that: (1) does not impair the insurer's contractual obligations; and(2) is approved by:(A) the commissioner; and(B) the insurer, except in a conservation or rehabilitation ordered by a court.Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 432,Sec. 16, eff. 9/1/2019.Added by Acts 2005, 79th Leg., Ch. 727, Sec. 1, eff. 4/1/2007.