Sec. 827.010. MORATORIUM. (a) The commissioner may impose a moratorium of not longer than two years on: (1) the approval of withdrawal plans; or (2) the implementation of plans to restrict the writing of new business described by Section 827.008 . (b) A moratorium under this section may be imposed on plans implemented after the commissioner has published notice of intention to impose a moratorium on plans under Subsection (a)(2). (c) The commissioner may annually renew a moratorium imposed under this section. (d) To impose or renew a moratorium under this section, the commissioner must determine, after notice and hearing, that a catastrophic event has occurred and that as a result of that event a particular line of insurance is not reasonably expected to be available to a substantial number of policyholders or potential policyholders in this state or, in the case of lines of personal automobile or residential property insurance, in a rating territory. (e) The provisions of Chapter 2001 , Government Code, relating to contested cases apply to the notice and hearing. (f) The commissioner by rule shall establish reasonable criteria for applying the standards for determining whether to impose a moratorium under this section.
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