Sec. 463.257.  IMPOSITION OF LIEN OR MORATORIUM.  To carry out the association's duties under this chapter and with the court's approval, the association may:
(1)  impose a permanent policy or contract lien in connection with any guarantee, assumption, or reinsurance agreement if the association determines that:
(A)  the amounts that may be assessed under this chapter are insufficient to ensure full and prompt performance of the association's duties under this chapter; or
(B)  adverse economic or financial conditions affecting member insurers make imposition of the lien in the public interest; or
(2)  in addition to any contractual provision for deferral of cash or policy loan value, impose a temporary moratorium or lien on payment of cash values and policy loans or the exercise of any other right to withdraw money held in connection with a policy or contract.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.