Texas § 827.004 PROVISIONS OF WITHDRAWAL PLAN.

Texas Statutes

§ 827.004 — PROVISIONS OF WITHDRAWAL PLAN.

Texas § 827.004

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 827.004 (2026).

Text

Sec. 827.004. PROVISIONS OF WITHDRAWAL PLAN. A withdrawal plan filed under Section 827.003 must:

(1)be constructed to protect the interests of the people of this state;

(2)indicate the dates on which the insurer intends to begin and to complete the plan; and

(3)provide for:

(A)meeting the insurer's contractual obligations;

(B)providing service to the insurer's policyholders and claimants in this state; and

(C)meeting any applicable statutory obligations, such as payment of assessments to the guaranty fund and participation in an assigned risk plan or joint underwriting arrangement.

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Sec. 827.004. PROVISIONS OF WITHDRAWAL PLAN. A withdrawal plan filed under Section 827.003 must:
(1) be constructed to protect the interests of the people of this state;
(2) indicate the dates on which the insurer intends to begin and to complete the plan; and
(3) provide for:
(A) meeting the insurer's contractual obligations;
(B) providing service to the insurer's policyholders and claimants in this state; and
(C) meeting any applicable statutory obligations, such as payment of assessments to the guaranty fund and participation in an assigned risk plan or joint underwriting arrangement.