ASSUMPTION OF POWERS AND DUTIES OF ASSOCIATION
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
The commissioner may assume the powers and duties of the association under this chapter with respect to impaired or insolvent insurers if the association does not within a reasonable period act as provided by:
(1) Section 463.252(b)(2);
(2) Section 463.253; and
(3) Section 463.254.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.