Tex. Ins. Code § 827.004

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 827.004 - Provisions of Withdrawal Plan

A withdrawal plan filed under Section 827.003 must:

(1) be constructed to protect the interests of the people of this state;
(2) indicate the dates on which the insurer intends to begin and to complete the plan; and
(3) provide for:
(A) meeting the insurer's contractual obligations;
(B) providing service to the insurer's policyholders and claimants in this state; and
(C) meeting any applicable statutory obligations, such as payment of assessments to the guaranty fund and participation in an assigned risk plan or joint underwriting arrangement.

Tex. Ins. Code § 827.004

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