Tex. Insurance Code § 441.252
APPOINTMENT OF ANCILLARY SUPERVISOR OR CONSERVATOR
Texas · Texas Insurance Code · Status: effective
Cite this
- Citation
- Tex. Insurance Code § 441.252, APPOINTMENT OF ANCILLARY SUPERVISOR OR CONSERVATOR, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/677683
- Permanent ID
ys:prov:677683@1- SHA-256
d924ddb3490235b6186f9b3f277eb8f65b595ebf000825d6dbbfbb3eab287f6c
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
(a) The commissioner may appoint an ancillary supervisor or ancillary conservator for the assets located in this state of an insurer described by Section 441.251 in the same manner as the commissioner appoints a supervisor or conservator for an insurer domiciled in this state as provided by this chapter if:
(1) the commissioner makes a determination described by Section 441.053 with regard to the insurer;
(2) the commissioner determines that the insurer does not have the minimum surplus, capital, or capital stock required by this code for similar domestic insurers; or
(3) the insurer agrees to the appointment.
(b) Subject to Section 441.205, the commissioner may immediately, without prior notice and hearing, appoint an ancillary conservator for the assets, property, books, and records located in this state of an insurer described by Section 441.251 if a conservator, rehabilitator, receiver, liquidator, or equivalent official is appointed in the state in which the insurer is domiciled.