2023 Texas Statutes › Insurance Code › Title 4 - Regulation of Solvency › Subtitle C - Delinquent Insurers › Chapter 443 - Insurer Receivership Act › Subchapter A. General Provisions › Section 443.007. Notice, Hearing, and Appeal on Matters Submitted by Receiver for Receivership Court Approval

Sec. 443.007.  NOTICE, HEARING, AND APPEAL ON MATTERS SUBMITTED BY RECEIVER FOR RECEIVERSHIP COURT APPROVAL.  (a)  Upon written request to the receiver, a person must be placed on the service list to receive notice of matters filed by the receiver.  It is the responsibility of the person requesting notice to inform the receiver in writing of any changes in the person's address or to request that the person's name be deleted from the service list.  The receiver may require that the persons on the service list provide confirmation that they wish to remain on the service list.  Any person who fails to confirm the person's intent to remain on the service list may be purged from the service list.  Inclusion on the service list does not confer standing in the delinquency proceeding to raise, appear, or be heard on any issue.
(b)  Except as otherwise provided by this chapter, notice and hearing of any matter submitted by the receiver to the receivership court for approval under this chapter must be conducted in accordance with Subsections (c)-(g).
(c)  The receiver shall file an application explaining the proposed action and the basis of the proposed action.  The receiver may include any evidence in support of the application.  If the receiver determines that any documents supporting the application are confidential, the receiver may submit them to the receivership court under seal for in camera inspection.
(d)  The receiver shall provide notice of the application to all persons on the service list and any other parties as determined by the receiver.  Notice may be provided by first class mail postage paid, electronic mail, or facsimile transmission, at the receiver's discretion.  For purposes of this section, notice is deemed to be given on the date that it is deposited with the U.S. Postmaster or transmitted, as applicable, to the last known address as shown on the service list.
(e)  Any party in interest objecting to the application must file an objection specifying the grounds for the objection not later than the 20th day after the date of the notice of the filing of the application or within another period as the receivership court may set, and must serve copies on the receiver and any other persons served with the application within the same period.  An objecting party has the burden of showing why the receivership court should not authorize the proposed action.
(f)  If no objection to the application is timely filed, the receivership court may enter an order approving the application without a hearing, or hold a hearing to determine if the receiver's application should be approved.  The receiver may request that the receivership court enter an order or hold a hearing on an expedited basis.
(g)  If an objection is timely filed, the receivership court may hold a hearing.  If the receivership court approves the application and, upon a motion by the receiver, determines that the objection was frivolous or filed merely for delay or for another improper purpose, the receivership court shall order the objecting party to pay the receiver's reasonable costs and fees of defending the action.
Added by Acts 2005, 79th Leg., Ch. 995 (H.B. 2157), Sec. 1, eff. September 1, 2005.
Redesignated from Insurance Code - Not Codified, Art/Sec 21A.007 by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 3B.004(a)(1), eff. September 1, 2007.
Redesignated from Insurance Code - Not Codified, Art/Sec 21A.007 by Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 9.004(a)(1), eff. September 1, 2007.