Neither the filing of a petition under this chapter nor the entry of any order of seizure, rehabilitation, or liquidation constitutes a breach or an anticipatory breach of any contract or lease of the insurer.
Tex. Ins. Code § 443.059
EFFECT OF PETITION OR ORDER ON CONTRACT OR LEASE
Known as the Insurer Receivership Act
The act spans §§ 443–443 (73 sections).
Added by Acts 2005, 79th Leg., Ch. 995 (H.B. 2157), Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.