Tex. Insurance Code § 441.051
CIRCUMSTANCES CONSTITUTING INSOLVENCY OR DELINQUENCY
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 441.051, CIRCUMSTANCES CONSTITUTING INSOLVENCY OR DELINQUENCY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/677653
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Full text
For the purposes of this chapter, the circumstances in which an insurer is considered insolvent, delinquent, or threatened with delinquency include circumstances in which the insurer:
(1) has required surplus, capital, or capital stock that is impaired to an extent prohibited by law;
(2) continues to write new business when the insurer does not have the surplus, capital, or capital stock that is required by law to write new business;
(3) conducts the insurer's business fraudulently; or
(4) attempts to dissolve or liquidate without first having made provisions satisfactory to the commissioner for liabilities arising from insurance policies issued by the insurer.