Texas § 441.151 APPOINTMENT OF CONSERVATOR.

Texas Statutes

§ 441.151 — APPOINTMENT OF CONSERVATOR.

Texas § 441.151

Code INInsurance Code

This text of Texas § 441.151 (APPOINTMENT OF CONSERVATOR.) 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. § 441.151 (2026).

Text

Sec. 441.151. APPOINTMENT OF CONSERVATOR.

(a)The commissioner may appoint a conservator for an insurer:

(1)if:

(A)after notice and opportunity for hearing, it is determined that the insurer:

(i)is insolvent;

(ii)appears to have exceeded the insurer's powers; or

(iii)has failed to comply with any requirement of the commissioner; or

(B)the insurer agrees to the appointment of a conservator; and

(2)if it is determined that supervision is inadequate to rehabilitate the insurer.

(b)The commissioner may appoint a conservator.

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Sec. 441.151. APPOINTMENT OF CONSERVATOR. (a) The commissioner may appoint a conservator for an insurer:
(1) if:
(A) after notice and opportunity for hearing, it is determined that the insurer:
(i) is insolvent;
(ii) appears to have exceeded the insurer's powers; or
(iii) has failed to comply with any requirement of the commissioner; or
(B) the insurer agrees to the appointment of a conservator; and
(2) if it is determined that supervision is inadequate to rehabilitate the insurer.
(b) The commissioner may appoint a conservator.