SECTION 28.1. Stay of Time Periods

(a) In the event that the commissioner, supervisor, or conservator is prevented from completing his statutory duties due to judicial or administrative order or due to operation of law, the statutory time period fixed for the completion of the commissioner's, supervisor's, or conservator's duties is tolled for an amount of time equivalent to the amount of time that the judicial or administrative order or other existing controlling law is in effect. The status of the affected company remains unchanged during the pendency of the judicial or administrative order or other existing controlling law. The statutory time period begins to run upon actual or constructive notice of the final determination of the judicial or administrative order or other existing controlling law.

(b) The commissioner shall report to the board at the board's next regular meeting each instance a statutory time limit is tolled as described in subsection (a) of this section.

Source Note: The provisions of this §28.1 adopted to be effective June 5, 1990, 15 TexReg 2851.