On failure of a member insurer to comply with the plan of operation, the commissioner may suspend or revoke, after notice and hearing, the insurer's certificate of authority to engage in the business of insurance in this state.
Tex. Ins. Code § 463.355
FAILURE TO COMPLY WITH PLAN OF OPERATION
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.