Tex. Insurance Code § 827.004
PROVISIONS OF WITHDRAWAL PLAN
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 827.004, PROVISIONS OF WITHDRAWAL PLAN, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/679192
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Full text
A withdrawal plan filed under Section 827.003 must:
(1) be constructed to protect the interests of the people of this state;
(2) indicate the dates on which the insurer intends to begin and to complete the plan; and
(3) provide for:
(A) meeting the insurer's contractual obligations;
(B) providing service to the insurer's policyholders and claimants in this state; and
(C) meeting any applicable statutory obligations, such as payment of assessments to the guaranty fund and participation in an assigned risk plan or joint underwriting arrangement.