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TITLE 28INSURANCE
PART 1TEXAS DEPARTMENT OF INSURANCE
CHAPTER 33CONTINUING CARE PROVIDERS
SUBCHAPTER FONGOING REGULATORY REQUIREMENTS
RULE §33.507Supervision, Rehabilitation, Liquidation

The Commissioner may proceed under applicable provisions of Health and Safety Code, §§246.091-246.097, if, upon examination or at any other time, it appears that the facility or provider is insolvent or its condition be, in the opinion of the Commissioner, such that the provider is unable to meet its projected occupancy goals or cash projections as filed in such a manner as endangers the ability of the provider to perform fully its obligations under continuing care contracts.


Source Note: The provisions of this §33.507 adopted to be effective March 9, 1989, 14 TexReg 991; amended to be effective March 14, 1996, 21 TexReg 1771.

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