Texas Insurance Code 827.004 – Provisions of Withdrawal Plan
Current as of: 2024 | Check for updates
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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.