Section 941.004 - Withdrawal From the Business of Insurance(a) A Lloyd's plan may withdraw from the business of insurance only if the department determines that adequate provision has been made, through reinsurance or other means, for:(1) payment of all unadjusted losses of the Lloyd's plan; and(2) reinsurance of all outstanding risks in favor of residents of this state or covering property located in this state.(b) On compliance with the requirements of Subsection (a):(1) any bond of the attorney in fact shall be released; and(2) the department shall release to the underwriters any net assets over which the department has joint control.Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.