STANDARDS AND CRITERIA FOR EARLY WARNING.
Tex. INS Code § 404.005.
in effect(a) The commissioner by rule may:
(1) establish uniform standards and criteria for early warning that the continued operation of an insurer might be hazardous to the insurer's policyholders or creditors or to the public; and
(2) establish standards for evaluating the financial condition of an insurer.
(b) Standards established by the commissioner under this section must be consistent with the purposes of Section 404.003 .
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.
