79th Texas Legislature, Regular Session, House Bill 2157, Chapter 995 Page: 2 of 153
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H.B. No. 2157
1 (2) improved methods for conserving and
2 rehabilitating insurers;
3 (3) enhanced efficiency and economy of liquidation,
4 through clarification of the law, to minimize legal uncertainty and
5 litigation;
6 (4) apportionment of any unavoidable loss in
7 accordance with the statutory priorities set out in this chapter;
8 (5) lessening the problems of interstate receivership
9 by
10 (A) facilitating cooperation between states in
11 delinquency proceedings; and
12 (B) extending the scope of personal jurisdiction
13 over debtors of the insurer located outside this state;
14 (6) regulation of the business of insurance by the
15 impact of the law relating to delinquency procedures and related
16 substantive rules; and
17 (7) providing for a comprehensive scheme for the
18 receivership of insurers and those subject to this chapter as part
19 of the regulation of the business of insurance in this state because
20 proceedings in cases of insurer insolvency and delinquency are
21 deemed an integral aspect of the business of insurance and are of
22 vital public interest and concern.
23 Sec. 21A.002. CONFLICTS OF LAW. This chapter and the state
24 law governing insurance guaranty associations constitute this
25 state's insurer receivership laws and shall be construed together2
26 in a manner that is consistent. In the event of a conflict between
27 the insurer receivership laws and the provisions of any other law,
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Texas. Legislature. House of Representatives. 79th Texas Legislature, Regular Session, House Bill 2157, Chapter 995, legislative document, June 18, 2005; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth156720/m1/2/: accessed May 20, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.