Texas Insurance Code 982.254 – Failure to Eliminate Impairment of Trusteed Surplus
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Terms Used In Texas Insurance Code 982.254
- United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
If an alien insurance company has not satisfied the commissioner at the end of the designated period under Section 982.253(a) that the impairment has been eliminated, the commissioner may proceed against the company as provided by Chapter 441 as an insurance company whose further transaction of the business of insurance in the United States will be hazardous to its policyholders in the United States.