Exams / Texas Life Insurance License / Tex. Ins. Code §441.004
Tex. Ins. Code §441.004 — what it says, and how the exam tests it
This section is cited by 2 of our practice questions and is tested on 3 exams including the Texas Life Insurance License.
The text
Sec. 441.004. ACTIONS OF COMMISSIONER. (a) In the event of an insurer's delinquency or suspected delinquency, the commissioner, in the commissioner's administrative discretion, may act under this chapter, another applicable law, or a combination of this chapter and another applicable law. (b) If the commissioner determines to act under this chapter or is directed by a court to act under this chapter, the commissioner shall comply with the requirements of this chapter. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Public record. Read the full, current section at the official source: tcss.legis.texas.gov
How it comes up on the exam
Practice questions written from this section — answers and explanations are in the drill.
- Under Texas Insurance Code §441.004, when the commissioner determines to act under Chapter 441 regarding an insurer's delinquency or is directed by a court to act, what must the commissioner do?
drill Texas Statutes and Rules Common to Property and Casualty Insurance → - Under Tex. Ins. Code §441.004, when an insurer is suspected of delinquency, how does the commissioner decide which law to apply?
drill Texas Statutes and Rules Common to Life and Health Insurance →