SB 291, 55th R.S.
Relating to making it unlawful for any director, officer, manager, agent, employee, attorney-in-fact or any other person wholly or partially responsible for the conduct of any insurance company, corporation, association, title insurance company, fraternal benefit society,or any other insurer licensed to transact an insurance business in the State of Texas to fail to report to the Board of Insurance Commissioners any known impairment of the minimum capital, or minimum surplus, or minimum capital and surplus required by law to be maintained by any such insurer, within five days after he shall have had knowledge of such impairment.
Author: Grady Hazlewood
Coauthor: Wardlow William Lane
Subjects:
Insurance--Insurers & Agents
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