Texas Insurance Code 2054.006 – Authority of Commissioner and Department
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(a) The commissioner may regulate the company to the same extent that the commissioner may regulate a mutual insurance company.
(b) The company is subject to the jurisdiction of the commissioner and department in the same manner as a private insurance company.
Terms Used In Texas Insurance Code 2054.006
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.