Texas § IN.463.354 - DEMAND TO CURE IMPAIRMENT
Full text of Texas The Texas Constitution § IN.463.354 — DEMAND TO CURE IMPAIRMENT, with citation guidance and answers to common questions.
§ IN.463.354. DEMAND TO CURE IMPAIRMENT
DEMAND TO CURE IMPAIRMENT. (a) When an impairment is declared and the amount of the impairment is determined, the commissioner shall serve a demand on the impaired insurer to cure the impairment within a reasonable time. (b) Notice of the demand under Subsection (a) to the impaired insurer constitutes notice to any shareholders of the insurer. (c) Failure of the impaired insurer to comply promptly with the demand does not excuse the association from exercising the association's powers and performing the association's duties under this chapter. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.463.354
What does The Texas Constitution § IN.463.354 cover?
Section IN.463.354 ("DEMAND TO CURE IMPAIRMENT") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.463.354?
A common citation format is "The Texas Constitution § IN.463.354" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.463.354 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.