Texas Statutes
§ 441.302 — FORFEITURE AND CANCELLATION OF CHARTER ON CONCLUSION OF BUSINESS.
Texas § 441.302
JurisdictionTexas
Code INInsurance Code
This text of Texas § 441.302 (FORFEITURE AND CANCELLATION OF CHARTER ON CONCLUSION OF BUSINESS.) 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. § 441.302 (2026).
Text
Sec. 441.302. FORFEITURE AND CANCELLATION OF CHARTER ON CONCLUSION OF BUSINESS.
(a)Once all an insurer's policies are reinsured or terminated and the insurer's affairs are concluded as provided by this chapter, the commissioner shall report that fact to the attorney general. On receipt of the report, the attorney general shall take action necessary to forfeit or cancel the insurer's charter.
(b)The commissioner shall report to the attorney general the commissioner's approval of the merger or consolidation of an insurer with another insurer or the reinsurance of the insurer's policies. On receipt of the report, the attorney general shall take action to forfeit or cancel the insurer's charter in the manner provided for the forfeiture or cancellation of the charter of an insurer that is tot
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Legislative History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.
Nearby Sections
15
§ 441.001
FINDINGS AND PURPOSE.§ 441.002
DEFINITION.§ 441.004
ACTIONS OF COMMISSIONER.§ 441.007
CONFLICT WITH OTHER LAWS.§ 441.053
NOTICE TO INSURER.§ 441.101
APPOINTMENT OF SUPERVISOR.§ 441.103
PAYMENT OF CLAIMS.§ 441.104
PROHIBITED ACTS DURING SUPERVISION.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 441.302, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/441.302.