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Tex. Insurance Code § 912.751

OFFICER OR DIRECTOR UNWORTHY OF TRUST: REMOVAL AND REVOCATION OF CERTIFICATE OF AUTHORITY

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 912.751, OFFICER OR DIRECTOR UNWORTHY OF TRUST: REMOVAL AND REVOCATION OF CERTIFICATE OF AUTHORITY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/680448
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(a) After notice and hearing, the commissioner shall order the removal of an officer or director of a county mutual insurance company holding a certificate of authority if the officer or director is found unworthy of the trust or confidence of the public. (b) If a county mutual insurance company does not remove an officer or director as required by an order issued under Subsection (a), the commissioner shall: (1) revoke the company's certificate of authority; and (2) treat the company as insolvent.