The commissioner may exercise power under Section 823.351 only if:
(1) examination of the insurer under another provision of this code is inadequate; or
(2) the interests of the insurer's policyholders may be adversely affected.
LIMITATION ON POWER
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff
The commissioner may exercise power under Section 823.351 only if:
(1) examination of the insurer under another provision of this code is inadequate; or
(2) the interests of the insurer's policyholders may be adversely affected.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.