Tex. Ins. Code Section 827.004
Provisions of Withdrawal Plan

A withdrawal plan filed under Section 827.003 (Withdrawal Plan Required) 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.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Source: Section 827.004 — Provisions of Withdrawal Plan, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­827.­htm#827.­004 (accessed Jun. 5, 2024).

Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 827.004’s source at texas​.gov