2005 Texas Insurance Code CHAPTER 555. FAILURE TO SATISFY JUDGMENT

INSURANCE CODE

CHAPTER 555. FAILURE TO SATISFY JUDGMENT


	§ 555.001. APPLICABILITY OF CHAPTER.  This chapter does 
not apply to an insurer subject to Chapter 841.

Added by Acts 2003, 78th Leg., ch. 1274, § 2, eff. April 1, 2005.          


	§ 555.002. REVOCATION OF CERTIFICATE OF AUTHORITY.  If an 
execution issued on a final judgment rendered against an insurer is 
not satisfied and discharged before the 31st day after the date of 
notice of the execution's issuance, the insurer's certificate of 
authority shall be revoked, and the insurer may not engage in the 
business of insurance in this state until the execution is 
satisfied.

Added by Acts 2003, 78th Leg., ch. 1274, § 2, eff. April 1, 2005.