Texas Statutes
Subchapter A. Independent Audit of Financial Statements
Section 401.002. Purpose of Subchapter

Sec. 401.002. PURPOSE OF SUBCHAPTER. The purpose of this subchapter is to require an annual audit by an independent certified public accountant of the financial statements reporting the financial condition and the results of operations of each insurer or health maintenance organization.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.

Structure Texas Statutes

Texas Statutes

Insurance Code

Title 4 - Regulation of Solvency

Subtitle A - General Provisions

Chapter 401 - Audits and Examinations

Subchapter A. Independent Audit of Financial Statements

Section 401.001. Definitions

Section 401.002. Purpose of Subchapter

Section 401.003. Effect of Subchapter on Authority to Examine

Section 401.004. Filing and Extensions for Filing of Audited Financial Report

Section 401.005. Alternative Filing for Canadian or British Insurers or Health Maintenance Organizations

Section 401.006. Exemption for Certain Small Insurers and Health Maintenance Organizations

Section 401.007. Exemption for Certain Foreign or Alien Insurers or Health Maintenance Organizations

Section 401.008. Hardship Exemption

Section 401.009. Contents of Audited Financial Report

Section 401.010. Requirements for Financial Statements in Audited Financial Report

Section 401.011. Qualifications of Accountant; Acceptance of Audited Financial Report

Section 401.012. Hearing on Accountant Qualifications; Replacement of Accountant

Section 401.013. Accountant's Letter of Qualifications

Section 401.014. Registration of Accountant

Section 401.015. Resignation or Dismissal of Accountant; Statement Concerning Disagreements

Section 401.016. Audited Combined or Consolidated Financial Statements

Section 401.017. Notice of Adverse Financial Condition or Misstatement of Financial Condition

Section 401.018. Information Discovered After Date of Audited Financial Report

Section 401.019. Report on Significant Deficiencies in Internal Control

Section 401.020. Accountant Work Papers

Section 401.021. Penalty for Failure to Comply