2005 Texas Insurance Code CHAPTER 86. REVOCATION OR MODIFICATION OF CERTIFICATE OF AUTHORITY; AUTHORITY TO BRING CERTAIN ACTIONS

INSURANCE CODE

CHAPTER 86. REVOCATION OR MODIFICATION OF CERTIFICATE OF AUTHORITY;  
AUTHORITY TO BRING CERTAIN ACTIONS

SUBCHAPTER A. REVOCATION OR MODIFICATION OF CERTIFICATE OF 
AUTHORITY


	§ 86.001. AUTHORITY TO REVOKE OR MODIFY CERTIFICATE OF 
AUTHORITY.         

Text of section effective April 1, 2007
	 The commissioner may revoke or modify a certificate of 
authority if a condition or requirement prescribed by law for 
granting the certificate is no longer satisfied.

Added by Acts 2005, 79th Leg., ch. 727, § 12, eff. April 1, 2007.          


	§ 86.002. NOTICE OF INTENT TO REVOKE OR MODIFY CERTIFICATE 
OF AUTHORITY.  

Text of section effective April 1, 2007
	(a)  The commissioner must notify an insurance carrier in 
writing of the commissioner's intent to revoke or modify the 
carrier's certificate of authority.
	(b)  The commissioner must provide the notice not later than 
the 10th day before the date the revocation or modification is to 
occur.
	(c)  The commissioner must specifically state in the notice 
the reason for the action.

Added by Acts 2005, 79th Leg., ch. 727, § 12, eff. April 1, 2007.          

SUBCHAPTER B. AUTHORITY TO BRING CERTAIN ACTIONS


	§ 86.051. AUTHORITY TO BRING ACTION FOR OR PROSECUTE 
VIOLATION OF LAW.    

Text of section effective April 1, 2007
	The department, through the attorney general or an attorney 
designated by the attorney general, may institute an action 
relating to or initiate a prosecution for a violation of a law of 
this state relating to insurance.

Added by Acts 2005, 79th Leg., ch. 727, § 12, eff. April 1, 2007.          


	§ 86.052. AUTHORITY TO BRING ACTION TO CLOSE AFFAIRS OR 
RESTRAIN BUSINESS OF DOMESTIC INSURANCE COMPANY.  

Text of section effective April 1, 2007
	Only the department may bring an action to:                                    
		(1)  close the affairs of an insurance company 
organized under the laws of this state;  or
		(2)  enjoin, restrain, or interfere with the 
prosecution of the business of an insurance company organized under 
the laws of this state.

Added by Acts 2005, 79th Leg., ch. 727, § 12, eff. April 1, 2007.