Texas § IN.841.703 - CERTIFICATE OF AUTHORITY VOID ON FAILURE TO SATISFY JUDGMENT
Full text of Texas The Texas Constitution § IN.841.703 — CERTIFICATE OF AUTHORITY VOID ON FAILURE TO SATISFY JUDGMENT, with citation guidance and answers to common questions.
§ IN.841.703. CERTIFICATE OF AUTHORITY VOID ON FAILURE TO SATISFY JUDGMENT
CERTIFICATE OF AUTHORITY VOID ON FAILURE TO SATISFY JUDGMENT. (a) If an officer holding an execution issued on a final judgment rendered against an insurance company demands payment of the judgment from an officer or attorney of record of the company and the company does not fully satisfy the judgment before the 31st day after the date the demand is made, the officer shall certify the demand and failure to the commissioner, regardless of whether the demand is made in this state. (b) On receipt of a certification under Subsection (a), the commissioner shall declare void the certificate of authority issued to the company under this chapter. (c) An insurance company whose certificate of authority is declared void under this section may not engage in the business of insurance in this state until: (1) the judgment is fully satisfied and discharged; and (2) the commissioner renews the company's certificate of authority. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.841.703
What does The Texas Constitution § IN.841.703 cover?
Section IN.841.703 ("CERTIFICATE OF AUTHORITY VOID ON FAILURE TO SATISFY JUDGMENT") 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.841.703?
A common citation format is "The Texas Constitution § IN.841.703" (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.841.703 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.