Texas Insurance Code 565.007 – Regulatory Action
Current as of: 2024 | Check for updates
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Terms Used In Texas Insurance Code 565.007
- Rule: includes regulation. See Texas Government Code 311.005
- Statute: A law passed by a legislature.
Nothing in this chapter is intended to authorize the department to adopt any rule, model, or standard requiring an insurer to use any environmental, social, or governance model law, regulation, or other standard that has not been specifically authorized by statute, including:
(1) a rule, model, or standard required under any federal law that does not preempt state law under the McCarran-Ferguson Act (15 U.S.C. § 1012(b)); or
(2) a rule, model, or standard required by any national organization, including the National Association of Insurance Commissioners, that has not been specifically authorized by statute.