Tex. Ins. Code § 555.002

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 555.002 - Revocation of Certificate of Authority

If an execution issued on a final judgment rendered against an insurer is not satisfied and discharged before the 31st day after the date of notice of the execution's issuance, the insurer's certificate of authority shall be revoked, and the insurer may not engage in the business of insurance in this state until the execution is satisfied.

Tex. Ins. Code § 555.002

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. 4/1/2005.