Tex. Insurance Code § 225.012
STATE AS PREFERRED CREDITOR
Texas · Texas Insurance Code · Status: effective
Cite this
- Citation
- Tex. Insurance Code § 225.012, STATE AS PREFERRED CREDITOR, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/677118
- Permanent ID
ys:prov:677118@1- SHA-256
d1061ebcf75c12cd40d84b376d4d6c5234cd3e53530b0342b99cf97308462387
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
If the property of a surplus lines agent is seized as the result of an intermediate or final decision of a court in this state, or if the business of a surplus lines agent is suspended by the action of a creditor or turned over to an assignee, receiver, or trustee, the tax imposed by this chapter and penalties due the state from the agent are preferred claims and the state is a preferred creditor and must be paid in full.