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Tex. Insurance Code § 827.003

WITHDRAWAL PLAN REQUIRED

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 827.003, WITHDRAWAL PLAN REQUIRED, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/679191
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An insurer shall file with the commissioner a plan for orderly withdrawal if the insurer proposes to: (1) reduce the insurer's total annual premium volume by 50 percent or more; (2) reduce the insurer's annual premium by 75 percent or more in a line of insurance in this state; or (3) reduce in this state, or in any applicable rating territory, the insurer's total annual premium volume in a line of personal automobile or residential property insurance by 50 percent or more.