Texas § 404.005 STANDARDS AND CRITERIA FOR EARLY WARNING.

Texas Statutes

§ 404.005 — STANDARDS AND CRITERIA FOR EARLY WARNING.

Texas § 404.005

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 404.005 (2026).

Text

Sec. 404.005. STANDARDS AND CRITERIA FOR EARLY WARNING.

(a)The commissioner by rule may:

(1)establish uniform standards and criteria for early warning that the continued operation of an insurer might be hazardous to the insurer's policyholders or creditors or to the public; and

(2)establish standards for evaluating the financial condition of an insurer.

(b)Standards established by the commissioner under this section must be consistent with the purposes of Section 404.003 .

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Sec. 404.005. STANDARDS AND CRITERIA FOR EARLY WARNING. (a) The commissioner by rule may:
(1) establish uniform standards and criteria for early warning that the continued operation of an insurer might be hazardous to the insurer's policyholders or creditors or to the public; and
(2) establish standards for evaluating the financial condition of an insurer.
(b) Standards established by the commissioner under this section must be consistent with the purposes of Section 404.003 .