Texas § 827.010 MORATORIUM.

Texas Statutes

§ 827.010 — MORATORIUM.

Texas § 827.010

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 827.010 (2026).

Text

Sec. 827.010. MORATORIUM.

(a)The commissioner may impose a moratorium of not longer than two years on:

(1)the approval of withdrawal plans; or

(2)the implementation of plans to restrict the writing of new business described by Section 827.008 .

(b)A moratorium under this section may be imposed on plans implemented after the commissioner has published notice of intention to impose a moratorium on plans under Subsection (a)(2).

(c)The commissioner may annually renew a moratorium imposed under this section.

(d)To impose or renew a moratorium under this section, the commissioner must determine, after notice and hearing, that a catastrophic event has occurred and that as a result of that event a particular line of insurance is not reasonably expected to be available to a substantial numbe

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Sec. 827.010. MORATORIUM. (a) The commissioner may impose a moratorium of not longer than two years on:
(1) the approval of withdrawal plans; or
(2) the implementation of plans to restrict the writing of new business described by Section 827.008 .
(b) A moratorium under this section may be imposed on plans implemented after the commissioner has published notice of intention to impose a moratorium on plans under Subsection (a)(2).
(c) The commissioner may annually renew a moratorium imposed under this section.
(d) To impose or renew a moratorium under this section, the commissioner must determine, after notice and hearing, that a catastrophic event has occurred and that as a result of that event a particular line of insurance is not reasonably expected to be available to a substantial number of policyholders or potential policyholders in this state or, in the case of lines of personal automobile or residential property insurance, in a rating territory.
(e) The provisions of Chapter 2001 , Government Code, relating to contested cases apply to the notice and hearing.
(f) The commissioner by rule shall establish reasonable criteria for applying the standards for determining whether to impose a moratorium under this section.