Texas Insurance Code 984.201 – Agreement to Comply With Chapter
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Terms Used In Texas Insurance Code 984.201
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
A Mexican casualty insurance company shall file in English a document executed by the company’s officials expressly accepting the terms of this chapter and agreeing that the department may revoke, suspend, or refuse to grant a certificate of authority under this chapter on a determination by the commissioner that the company:
(1) is insolvent or in hazardous financial condition; or
(2) has violated an applicable law of this state or of the company’s home jurisdiction.