Texas § 441.253 POWERS AND DUTIES OF ANCILLARY SUPERVISOR OR CONSERVATOR.

Texas Statutes

§ 441.253 — POWERS AND DUTIES OF ANCILLARY SUPERVISOR OR CONSERVATOR.

Texas § 441.253

Code INInsurance Code

This text of Texas § 441.253 (POWERS AND DUTIES OF ANCILLARY SUPERVISOR OR 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. § 441.253 (2026).

Text

Sec. 441.253. POWERS AND DUTIES OF ANCILLARY SUPERVISOR OR CONSERVATOR.

(a)An ancillary supervisor or ancillary conservator appointed under this subchapter has all the powers provided by Sections 441.153 and 441.155 with respect to the insurer's assets, property, books, and records located in this state.

(b)An ancillary conservator appointed under this subchapter may:

(1)reinsure all or part of the insurer's policies or certificates in this state with a solvent insurer authorized to engage in business in this state; and

(2)transfer to the reinsurer as reserves any assets in the ancillary conservator's possession in an amount sufficient to reinsure the policies or certificates.

(c)A transfer of assets under this section is not considered a preference of a creditor.

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

Sec. 441.253. POWERS AND DUTIES OF ANCILLARY SUPERVISOR OR CONSERVATOR. (a) An ancillary supervisor or ancillary conservator appointed under this subchapter has all the powers provided by Sections 441.153 and 441.155 with respect to the insurer's assets, property, books, and records located in this state.
(b) An ancillary conservator appointed under this subchapter may:
(1) reinsure all or part of the insurer's policies or certificates in this state with a solvent insurer authorized to engage in business in this state; and
(2) transfer to the reinsurer as reserves any assets in the ancillary conservator's possession in an amount sufficient to reinsure the policies or certificates.
(c) A transfer of assets under this section is not considered a preference of a creditor.