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Tex. Insurance Code § 441.151

APPOINTMENT OF CONSERVATOR

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 441.151, APPOINTMENT OF CONSERVATOR, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/677663
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(a) The commissioner may appoint a conservator for an insurer: (1) if: (A) after notice and opportunity for hearing, it is determined that the insurer: (i) is insolvent; (ii) appears to have exceeded the insurer's powers; or (iii) has failed to comply with any requirement of the commissioner; or (B) the insurer agrees to the appointment of a conservator; and (2) if it is determined that supervision is inadequate to rehabilitate the insurer. (b) The commissioner may appoint a conservator.