Texas Statutes
§ 154.111 — SUCCESSOR PERMIT HOLDER.
Texas § 154.111
JurisdictionTexas
Code FIFinance Code
This text of Texas § 154.111 (SUCCESSOR PERMIT HOLDER.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Finance Code Code Ann. § 154.111 (2026).
Text
Sec. 154.111. SUCCESSOR PERMIT HOLDER.
(a)The commission shall adopt rules governing the selection of a successor permit holder.
(b)A successor permit holder to whom the commissioner transfers a contract under Section 154.413 shall perform the contract and is entitled to retain the money that would have been due the person whose permit was canceled, including any money seized by the commissioner.
(c)Any premium received through the selection process that exceeds the claims against the prior permit holder shall be deposited in the fund maintained under Section 154.351 .
SUBCHAPTER C-1. PRESALE DISCLOSURES
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Legislative History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 867, Sec. 79, eff. Sept. 1, 2001.
Nearby Sections
15
§ 154.001
PURPOSE.§ 154.002
DEFINITIONS.§ 154.003
EFFECT ON INSURANCE LAWS.§ 154.004
GROUP INSURANCE CONTRACTS.§ 154.051
ADMINISTRATION OF CHAPTER; FEES.§ 154.052
ANNUAL REPORT.§ 154.053
RECORDS; EXAMINATION.§ 154.054
EXAMINATION FEE.§ 154.056
PAYMENT OF RESTITUTION MONEY.§ 154.101
PERMIT REQUIREMENT.§ 154.102
PERMIT APPLICATION; FEE.§ 154.103
ISSUANCE OF PERMIT.§ 154.104
TERM OF PERMIT.§ 154.105
PROHIBITION ON TRANSFER OF PERMIT.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 154.111, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/154.111.