State Codes and Statutes

Statutes > Texas > Insurance-code > Title-2-texas-department-of-insurance > Chapter-86-revocation-or-modification-of-certificate-of-authority-authority-to-bring-certain-actions

INSURANCE CODE

TITLE 2. TEXAS DEPARTMENT OF INSURANCE

SUBTITLE B. DISCIPLINE AND ENFORCEMENT

CHAPTER 86. REVOCATION OR MODIFICATION OF CERTIFICATE OF

AUTHORITY; AUTHORITY TO BRING CERTAIN ACTIONS

SUBCHAPTER A. REVOCATION OR MODIFICATION OF CERTIFICATE

OF AUTHORITY

Sec. 86.001. AUTHORITY TO REVOKE OR MODIFY CERTIFICATE OF

AUTHORITY. The commissioner may revoke or modify a certificate

of authority if a condition or requirement prescribed by law for

granting the certificate is no longer satisfied.

Added by Acts 2005, 79th Leg., Ch.

727, Sec. 12, eff. April 1, 2007.

Sec. 86.002. NOTICE OF INTENT TO REVOKE OR MODIFY CERTIFICATE OF

AUTHORITY. (a) The commissioner must notify an insurance

carrier in writing of the commissioner's intent to revoke or

modify the carrier's certificate of authority.

(b) The commissioner must provide the notice not later than the

10th day before the date the revocation or modification is to

occur.

(c) The commissioner must specifically state in the notice the

reason for the action.

Added by Acts 2005, 79th Leg., Ch.

727, Sec. 12, eff. April 1, 2007.

SUBCHAPTER B. AUTHORITY TO BRING CERTAIN ACTIONS

Sec. 86.051. AUTHORITY TO BRING ACTION FOR OR PROSECUTE

VIOLATION OF LAW. The department, through the attorney general

or an attorney designated by the attorney general, may institute

an action relating to or initiate a prosecution for a violation

of a law of this state relating to insurance.

Added by Acts 2005, 79th Leg., Ch.

727, Sec. 12, eff. April 1, 2007.

Sec. 86.052. AUTHORITY TO BRING ACTION TO CLOSE AFFAIRS OR

RESTRAIN BUSINESS OF DOMESTIC INSURANCE COMPANY. Only the

department may bring an action to:

(1) close the affairs of an insurance company organized under

the laws of this state; or

(2) enjoin, restrain, or interfere with the prosecution of the

business of an insurance company organized under the laws of this

state.

Added by Acts 2005, 79th Leg., Ch.

727, Sec. 12, eff. April 1, 2007.

State Codes and Statutes

Statutes > Texas > Insurance-code > Title-2-texas-department-of-insurance > Chapter-86-revocation-or-modification-of-certificate-of-authority-authority-to-bring-certain-actions

INSURANCE CODE

TITLE 2. TEXAS DEPARTMENT OF INSURANCE

SUBTITLE B. DISCIPLINE AND ENFORCEMENT

CHAPTER 86. REVOCATION OR MODIFICATION OF CERTIFICATE OF

AUTHORITY; AUTHORITY TO BRING CERTAIN ACTIONS

SUBCHAPTER A. REVOCATION OR MODIFICATION OF CERTIFICATE

OF AUTHORITY

Sec. 86.001. AUTHORITY TO REVOKE OR MODIFY CERTIFICATE OF

AUTHORITY. The commissioner may revoke or modify a certificate

of authority if a condition or requirement prescribed by law for

granting the certificate is no longer satisfied.

Added by Acts 2005, 79th Leg., Ch.

727, Sec. 12, eff. April 1, 2007.

Sec. 86.002. NOTICE OF INTENT TO REVOKE OR MODIFY CERTIFICATE OF

AUTHORITY. (a) The commissioner must notify an insurance

carrier in writing of the commissioner's intent to revoke or

modify the carrier's certificate of authority.

(b) The commissioner must provide the notice not later than the

10th day before the date the revocation or modification is to

occur.

(c) The commissioner must specifically state in the notice the

reason for the action.

Added by Acts 2005, 79th Leg., Ch.

727, Sec. 12, eff. April 1, 2007.

SUBCHAPTER B. AUTHORITY TO BRING CERTAIN ACTIONS

Sec. 86.051. AUTHORITY TO BRING ACTION FOR OR PROSECUTE

VIOLATION OF LAW. The department, through the attorney general

or an attorney designated by the attorney general, may institute

an action relating to or initiate a prosecution for a violation

of a law of this state relating to insurance.

Added by Acts 2005, 79th Leg., Ch.

727, Sec. 12, eff. April 1, 2007.

Sec. 86.052. AUTHORITY TO BRING ACTION TO CLOSE AFFAIRS OR

RESTRAIN BUSINESS OF DOMESTIC INSURANCE COMPANY. Only the

department may bring an action to:

(1) close the affairs of an insurance company organized under

the laws of this state; or

(2) enjoin, restrain, or interfere with the prosecution of the

business of an insurance company organized under the laws of this

state.

Added by Acts 2005, 79th Leg., Ch.

727, Sec. 12, eff. April 1, 2007.


State Codes and Statutes


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State Codes and Statutes

Statutes > Texas > Insurance-code > Title-2-texas-department-of-insurance > Chapter-86-revocation-or-modification-of-certificate-of-authority-authority-to-bring-certain-actions

INSURANCE CODE

TITLE 2. TEXAS DEPARTMENT OF INSURANCE

SUBTITLE B. DISCIPLINE AND ENFORCEMENT

CHAPTER 86. REVOCATION OR MODIFICATION OF CERTIFICATE OF

AUTHORITY; AUTHORITY TO BRING CERTAIN ACTIONS

SUBCHAPTER A. REVOCATION OR MODIFICATION OF CERTIFICATE

OF AUTHORITY

Sec. 86.001. AUTHORITY TO REVOKE OR MODIFY CERTIFICATE OF

AUTHORITY. The commissioner may revoke or modify a certificate

of authority if a condition or requirement prescribed by law for

granting the certificate is no longer satisfied.

Added by Acts 2005, 79th Leg., Ch.

727, Sec. 12, eff. April 1, 2007.

Sec. 86.002. NOTICE OF INTENT TO REVOKE OR MODIFY CERTIFICATE OF

AUTHORITY. (a) The commissioner must notify an insurance

carrier in writing of the commissioner's intent to revoke or

modify the carrier's certificate of authority.

(b) The commissioner must provide the notice not later than the

10th day before the date the revocation or modification is to

occur.

(c) The commissioner must specifically state in the notice the

reason for the action.

Added by Acts 2005, 79th Leg., Ch.

727, Sec. 12, eff. April 1, 2007.

SUBCHAPTER B. AUTHORITY TO BRING CERTAIN ACTIONS

Sec. 86.051. AUTHORITY TO BRING ACTION FOR OR PROSECUTE

VIOLATION OF LAW. The department, through the attorney general

or an attorney designated by the attorney general, may institute

an action relating to or initiate a prosecution for a violation

of a law of this state relating to insurance.

Added by Acts 2005, 79th Leg., Ch.

727, Sec. 12, eff. April 1, 2007.

Sec. 86.052. AUTHORITY TO BRING ACTION TO CLOSE AFFAIRS OR

RESTRAIN BUSINESS OF DOMESTIC INSURANCE COMPANY. Only the

department may bring an action to:

(1) close the affairs of an insurance company organized under

the laws of this state; or

(2) enjoin, restrain, or interfere with the prosecution of the

business of an insurance company organized under the laws of this

state.

Added by Acts 2005, 79th Leg., Ch.

727, Sec. 12, eff. April 1, 2007.


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