Texas § 2210.0081 CERTAIN ACTIONS BROUGHT AGAINST ASSOCIATION BY COMMISSIONER.

Texas Statutes

§ 2210.0081 — CERTAIN ACTIONS BROUGHT AGAINST ASSOCIATION BY COMMISSIONER.

Texas § 2210.0081

Code INInsurance Code

This text of Texas § 2210.0081 (CERTAIN ACTIONS BROUGHT AGAINST ASSOCIATION BY COMMISSIONER.) 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. Insurance Code Code Ann. § 2210.0081 (2026).

Text

Text of section effective until September 01, 2027 Sec. 2210.0081. CERTAIN ACTIONS BROUGHT AGAINST ASSOCIATION BY COMMISSIONER. In an action brought by the commissioner against the association under Chapter 441 :

(1)the association's inability to satisfy obligations under Subchapter M, M-1, or M-2 related to a financing arrangement entered into or the issuance of public securities under this chapter constitutes a condition that makes the association's continuation in business hazardous to the public or to the association's policyholders for the purposes of Section 441.052 ;

(2)the time for the association to comply with the requirements of supervision or for the conservator to complete the conservator's duties, as applicable, is limited to three years from the date the commissioner comme

Free access — add to your briefcase to read the full text and ask questions with AI

Text of section effective until September 01, 2027
Sec. 2210.0081. CERTAIN ACTIONS BROUGHT AGAINST ASSOCIATION BY COMMISSIONER. In an action brought by the commissioner against the association under Chapter 441 :
(1) the association's inability to satisfy obligations under Subchapter M, M-1, or M-2 related to a financing arrangement entered into or the issuance of public securities under this chapter constitutes a condition that makes the association's continuation in business hazardous to the public or to the association's policyholders for the purposes of Section 441.052 ;
(2) the time for the association to comply with the requirements of supervision or for the conservator to complete the conservator's duties, as applicable, is limited to three years from the date the commissioner commences the action against the association; and
(3) unless the commissioner takes further action against the association under Chapter 441 , as a condition of release from supervision, the association must demonstrate to the satisfaction of the commissioner that the association is able to satisfy obligations under Subchapter M, M-1, or M-2 related to a financing arrangement entered into or the issuance of public securities under this chapter.
Text of section effective on September 01, 2027
Sec. 2210.0081. CERTAIN ACTIONS BROUGHT AGAINST ASSOCIATION BY COMMISSIONER. In an action brought by the commissioner against the association under Chapter 441 :
(1) the association's inability to satisfy obligations under Subchapter M-1 or M-2 related to a financing arrangement entered into under this chapter constitutes a condition that makes the association's continuation in business hazardous to the public or to the association's policyholders for the purposes of Section 441.052 ;
(2) the time for the association to comply with the requirements of supervision or for the conservator to complete the conservator's duties, as applicable, is limited to three years from the date the commissioner commences the action against the association; and
(3) unless the commissioner takes further action against the association under Chapter 441 , as a condition of release from supervision, the association must demonstrate to the satisfaction of the commissioner that the association is able to satisfy obligations under Subchapter M-1 or M-2 related to a financing arrangement entered into under this chapter.

Legislative History

Added by Acts 2011, 82nd Leg., 1st C.S., Ch. 2 (H.B. 3 ), Sec. 5, eff. September 28, 2011. Amended by: Acts 2025, 89th Leg., R.S., Ch. 895 (H.B. 3689 ), Sec. 2.01(a), eff. September 1, 2025. Acts 2025, 89th Leg., R.S., Ch. 895 (H.B. 3689 ), Sec. 2.01(b), eff. September 1, 2027. Added by Acts 2011, 82nd Leg., 1st C.S., Ch. 2 (H.B. 3 ), Sec. 5, eff. September 28, 2011. Amended by: Acts 2025, 89th Leg., R.S., Ch. 895 (H.B. 3689 ), Sec. 2.01(a), eff. September 1, 2025. Acts 2025, 89th Leg., R.S., Ch. 895 (H.B. 3689 ), Sec. 2.01(b), eff. September 1, 2027.