Tex. Ins. Code § 841.411
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
A limited purpose subsidiary life insurance company shall immediately notify the commissioner of any action by a ceding insurer or any other person to foreclose on, or otherwise take possession of, collateral provided by the limited purpose subsidiary life insurance company to secure an obligation of the company.
Tex. Ins. Code § 841.411