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Tex. Insurance Code § 441.006

RULES AND PROCEDURES FOR MERGER OF INSURERS

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 441.006, RULES AND PROCEDURES FOR MERGER OF INSURERS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/677649
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(a) The commissioner shall adopt rules that encourage the merger of insurers in weak financial condition with insurers in strong financial condition in cases in which rehabilitation or conservation of an insurer would be inefficient or impracticable. (b) The rules and procedures for conservatorship may not be used unless the rules and procedures adopted to promote the merger of insurers in weak financial condition are followed.