Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 463.113 - Board Report At Conclusion of Insolvency(a) At the conclusion of an insurer insolvency in which the association was obligated to pay a covered claim, the board shall prepare and submit to the commissioner a report containing any information the board possesses concerning the history and causes of the insolvency.(b) The board:(1) shall cooperate with the boards of directors of guaranty associations in other states to prepare a report on the history and causes of the insolvency of a particular insurer; and(2) may adopt by reference a report prepared by any of those associations.Added by Acts 2005, 79th Leg., Ch. 727, Sec. 1, eff. 4/1/2007.