On a majority vote, the board:
(1) may make recommendations to the commissioner for detecting and preventing insurer insolvencies; and
(2) shall notify the commissioner of information indicating that a member insurer may be impaired or insolvent.
Tex. Ins. Code § 463.108
DETECTION AND PREVENTION OF IMPAIRMENT AND INSOLVENCY
Known as the Texas Life and Health Insurance Guaranty Association Act
The act spans §§ 463–463 (82 sections).
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), 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.