1. (a) Any insurer filing a plan of orderly withdrawal should submit the plan to the Texas Department of Insurance, Company License Section, Mail Code 305-5B, P.O. Box 149104, Austin, Texas 78714-9104.
2. (b) The withdrawal plan shall be deemed approved if the commissioner has not held a hearing within 30 days after the complete plan is filed or has not denied approval within 30 days after the hearing.
3. (c) No plan shall be considered "filed" until such date as the withdrawing insurer has provided to the commissioner all information and material necessary to constitute a completed plan of orderly withdrawal, as required under this subchapter.
4. (d) Within 10 business days of the commissioner's receipt of the withdrawal plan, the insurer will be notified by letter either that the plan is sufficient to constitute a completed plan of orderly withdrawal that meets all of the requirements of this subchapter or that the plan is insufficient to constitute a completed plan of orderly withdrawal that meets all of the requirements of this subchapter and what information and material must be provided in order for the insurer to have filed a completed plan of orderly withdrawal, as required under this subchapter.

Source Note:The provisions of this §7.1806 adopted to be effective July 22, 1993, 18 TexReg 4504.