BOARD REPORT ON CONCLUSION OF INSOLVENCY
Known as the Texas Property and Casualty Insurance Guaranty Act
The act spans §§ 462–462 (90 sections).
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff
On the conclusion of the insolvency of a domestic insurer with respect to which the association was obligated to pay covered claims, the board may:
(1) prepare a report on the history and causes of the insolvency, based on information available to the association; and
(2) submit the report to the commissioner.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.