Texas § 441.051 CIRCUMSTANCES CONSTITUTING INSOLVENCY OR DELINQUENCY.

Texas Statutes

§ 441.051 — CIRCUMSTANCES CONSTITUTING INSOLVENCY OR DELINQUENCY.

Texas § 441.051

Code INInsurance Code

This text of Texas § 441.051 (CIRCUMSTANCES CONSTITUTING INSOLVENCY OR DELINQUENCY.) 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. § 441.051 (2026).

Text

Sec. 441.051. CIRCUMSTANCES CONSTITUTING INSOLVENCY OR DELINQUENCY. For the purposes of this chapter, the circumstances in which an insurer is considered insolvent, delinquent, or threatened with delinquency include circumstances in which the insurer:

(1)has required surplus, capital, or capital stock that is impaired to an extent prohibited by law;

(2)continues to write new business when the insurer does not have the surplus, capital, or capital stock that is required by law to write new business;

(3)conducts the insurer's business fraudulently; or

(4)attempts to dissolve or liquidate without first having made provisions satisfactory to the commissioner for liabilities arising from insurance policies issued by the insurer.

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

Sec. 441.051. CIRCUMSTANCES CONSTITUTING INSOLVENCY OR DELINQUENCY. For the purposes of this chapter, the circumstances in which an insurer is considered insolvent, delinquent, or threatened with delinquency include circumstances in which the insurer:
(1) has required surplus, capital, or capital stock that is impaired to an extent prohibited by law;
(2) continues to write new business when the insurer does not have the surplus, capital, or capital stock that is required by law to write new business;
(3) conducts the insurer's business fraudulently; or
(4) attempts to dissolve or liquidate without first having made provisions satisfactory to the commissioner for liabilities arising from insurance policies issued by the insurer.