Texas § 404.006 AGREEMENT WITH ANOTHER JURISDICTION.

Texas Statutes

§ 404.006 — AGREEMENT WITH ANOTHER JURISDICTION.

Texas § 404.006

Code INInsurance Code

This text of Texas § 404.006 (AGREEMENT WITH ANOTHER JURISDICTION.) 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. § 404.006 (2026).

Text

Sec. 404.006. AGREEMENT WITH ANOTHER JURISDICTION. The commissioner may enter into an agreement with the insurance regulatory authority of another jurisdiction concerning the management, volume of business, expenses of operation, plans for reinsurance, rehabilitation, or reorganization, and method of operations of, and type of risks to be insured by, an insurer that is:

(1)licensed in the other jurisdiction; and

(2)considered to be in a hazardous financial condition or in need of a specific remedy that may be imposed by the commissioner and the insurance regulatory authority of the other jurisdiction. SUBCHAPTER B. IMPAIRMENT OF STOCK OR SURPLUS

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

Sec. 404.006. AGREEMENT WITH ANOTHER JURISDICTION. The commissioner may enter into an agreement with the insurance regulatory authority of another jurisdiction concerning the management, volume of business, expenses of operation, plans for reinsurance, rehabilitation, or reorganization, and method of operations of, and type of risks to be insured by, an insurer that is:
(1) licensed in the other jurisdiction; and
(2) considered to be in a hazardous financial condition or in need of a specific remedy that may be imposed by the commissioner and the insurance regulatory authority of the other jurisdiction.
SUBCHAPTER B. IMPAIRMENT OF STOCK OR SURPLUS