AUTHORITY TO BRING ACTION TO CLOSE AFFAIRS OR RESTRAIN BUSINESS OF DOMESTIC INSURANCE COMPANY
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 12, eff
Only the department may bring an action to:
(1) close the affairs of an insurance company organized under the laws of this state; or
(2) enjoin, restrain, or interfere with the prosecution of the business of an insurance company organized under the laws of this state.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.