Sec. 463.356.  ASSUMPTION OF POWERS AND DUTIES OF ASSOCIATION.  The commissioner may assume the powers and duties of the association under this chapter with respect to impaired or insolvent insurers if the association does not within a reasonable period act as provided by:
(1)  Section 463.252(b)(2);
(2)  Section 463.253; and
(3)  Section 463.254.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.