Texas § 463.113 BOARD REPORT AT CONCLUSION OF INSOLVENCY.

Texas Statutes

§ 463.113 — BOARD REPORT AT CONCLUSION OF INSOLVENCY.

Texas § 463.113

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 463.113 (2026).

Text

Sec. 463.113. BOARD REPORT AT CONCLUSION OF INSOLVENCY.

(a)At the conclusion of an insurer insolvency in which the association was obligated to pay a covered claim, the board shall prepare and submit to the commissioner a report containing any information the board possesses concerning the history and causes of the insolvency.

(b)The board:

(1)shall cooperate with the boards of directors of guaranty associations in other states to prepare a report on the history and causes of the insolvency of a particular insurer; and

(2)may adopt by reference a report prepared by any of those associations.

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Sec. 463.113. BOARD REPORT AT CONCLUSION OF INSOLVENCY. (a) At the conclusion of an insurer insolvency in which the association was obligated to pay a covered claim, the board shall prepare and submit to the commissioner a report containing any information the board possesses concerning the history and causes of the insolvency.
(b) The board:
(1) shall cooperate with the boards of directors of guaranty associations in other states to prepare a report on the history and causes of the insolvency of a particular insurer; and
(2) may adopt by reference a report prepared by any of those associations.