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RULE §5.9980 Financial Conditions

Published: 2015

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(a) The following financial conditions may require
an insurer to file with the department for the commissioner's approval
all rates, supplementary rating information, and any supporting information:

  (1) a finding by the commissioner that an insurer is
in a hazardous financial condition under Insurance Code Chapter 404
and §8.3 of this title (relating to Hazardous Conditions and
remedy of Hazardous Conditions);
  (2) an insurer has been placed in supervision or conservatorship
under Insurance Code Chapter 441;
  (3) an insurer has been seized or placed in rehabilitation
or receivership under Insurance Code Chapter 443; or
  (4) an insurer has been required to make a special
deposit with the comptroller under Insurance Code Chapter 406.
(b) An insurer subject to this section must continue
to file all rates, supplementary rating information, and any supporting
information until the commissioner issues an order finding that the
financial condition that subjected the insurer to this section no
longer exists.

Source Note: The provisions of this §5.9980 adopted to be effective December 10, 2013, 38 TexReg 8904