Tex. Ins. Code § 861.701

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 861.701 - Revocation of Certificate
(a) If, as a result of an examination under Section 861.257, the commissioner determines that a general casualty company has not complied with this chapter, the commissioner shall:
(1) revoke the company's certificate of authority; and
(2) notify the attorney general of the revocation.
(b) On receipt of notification under Subsection (a)(2), the attorney general shall request court appointment of a receiver for the general casualty company. Under the direction of the court, the receiver shall wind up the affairs of the company.

Tex. Ins. Code § 861.701

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