Tex. Gov't Code § 551.079

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

Section 551.079 - Texas Department of Insurance

(a) The requirements of this chapter do not apply to a meeting of the commissioner of insurance or the commissioner's designee with the board of directors of a guaranty association established under Chapter 2602, Insurance Code, or Article 21.28-C or 21.28-D, Insurance Code, in the discharge of the commissioner's duties and responsibilities to regulate and maintain the solvency of a person regulated by the Texas Department of Insurance.

(b) The commissioner of insurance may deliberate and determine the appropriate action to be taken concerning the solvency of a person regulated by the Texas Department of Insurance in a closed meeting with persons in one or more of the following categories:

(1) staff of the Texas Department of Insurance;

(2) a regulated person;

(3) representatives of a regulated person; or

(4) members of the board of directors of a guaranty association established under Chapter 2602, Insurance Code, or Article 21.28-C or 21.28-D, Insurance Code.

Tex. Gov't. Code § 551.079

Amended By Acts 2005, 79th Leg., Ch. 728, Sec. 11.120, eff. 9/1/2005.

Amended by Acts 2001, 77th Leg., ch. 628, Sec. 1, eff. 9/1/2001.

Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. 9/1/1993.