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TEXAS STATUTES AND CODES
CHAPTER 555. FAILURE TO SATISFY JUDGMENT
INSURANCE CODE
TITLE 5. PROTECTION OF CONSUMER INTERESTS
SUBTITLE C. DECEPTIVE, UNFAIR, AND PROHIBITED PRACTICES
CHAPTER 555. FAILURE TO SATISFY JUDGMENT
Sec. 555.001. APPLICABILITY OF CHAPTER. This chapter does not
apply to an insurer subject to Chapter 841.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1,
2005.
Sec. 555.002. REVOCATION OF CERTIFICATE OF AUTHORITY. If an
execution issued on a final judgment rendered against an insurer
is not satisfied and discharged before the 31st day after the
date of notice of the execution's issuance, the insurer's
certificate of authority shall be revoked, and the insurer may
not engage in the business of insurance in this state until the
execution is satisfied.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1,
2005.