Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 83.051 - Authority of Commissioner to Issue Order(a) The commissioner ex parte may issue an emergency cease and desist order if: (1) the commissioner believes that: (A) an authorized person engaging in the business of insurance is:(i) committing an unfair act; or(ii) in a hazardous condition or a hazardous financial condition under Section 843.406 or Subchapter A, Chapter 404, as determined by the commissioner; or(B) an unauthorized person: (i) is engaging in the business of insurance in violation of Chapter 101 or in violation of a rule adopted under that chapter; and(ii) does not meet a statutory exception or exemption; and(2) with respect to conduct described by Subdivision (1)(A), it appears to the commissioner that the alleged conduct: (B) is hazardous or creates an immediate danger to the public safety; or(C) is causing or can be reasonably expected to cause public injury that: (i) is likely to occur at any moment;(ii) is incapable of being repaired or rectified; and(iii) has or is likely to have influence or effect.(b) An order is final on the 61st day after the date it is served, unless the affected person requests a hearing under Section 83.053.Amended by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 60,Sec. 3, eff. 9/1/2021.Amended By Acts 2007, 80th Leg., R.S., Ch. 730, Sec. 2B.013, eff. 4/1/2009.Added by Acts 1999, 76th Leg., ch. 101, Sec. 1, eff. 9/1/1999.