Tex. Ins. Code § 827.003

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

Section 827.003 - Withdrawal Plan Required

An insurer shall file with the commissioner a plan for orderly withdrawal if the insurer proposes to:

(1) reduce the insurer's total annual premium volume by 50 percent or more;

(2) reduce the insurer's annual premium by 75 percent or more in a line of insurance in this state; or

(3) reduce in this state, or in any applicable rating territory, the insurer's total annual premium volume in a line of personal automobile or residential property insurance by 50 percent or more.

Tex. Ins. Code § 827.003

Amended by Acts 2003, 78th Leg., ch. 206, Sec. 10.03, eff. 6/11/2003.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.