Texas § IN.827.010 - MORATORIUM
Full text of Texas The Texas Constitution § IN.827.010 — MORATORIUM, with citation guidance and answers to common questions.
§ IN.827.010. MORATORIUM
MORATORIUM. (a) The commissioner may impose a moratorium of not longer than two years on: (1) the approval of withdrawal plans; or (2) the implementation of plans to restrict the writing of new business described by Section 827.008 . (b) A moratorium under this section may be imposed on plans implemented after the commissioner has published notice of intention to impose a moratorium on plans under Subsection (a)(2). (c) The commissioner may annually renew a moratorium imposed under this section. (d) To impose or renew a moratorium under this section, the commissioner must determine, after notice and hearing, that a catastrophic event has occurred and that as a result of that event a particular line of insurance is not reasonably expected to be available to a substantial number of policyholders or potential policyholders in this state or, in the case of lines of personal automobile or residential property insurance, in a rating territory. (e) The provisions of Chapter 2001 , Government Code, relating to contested cases apply to the notice and hearing. (f) The commissioner by rule shall establish reasonable criteria for applying the standards for determining whether to impose a moratorium under this section. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by Acts 2003, 78th Leg., ch. 206, Sec. 10.06(a), eff. June 11, 2003.
Frequently Asked Questions About Texas § IN.827.010
What does The Texas Constitution § IN.827.010 cover?
Section IN.827.010 ("MORATORIUM") 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.827.010?
A common citation format is "The Texas Constitution § IN.827.010" (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.827.010 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.