Sec. 401.052. FREQUENCY OF EXAMINATION. (a) Subject to Subsection (b) and except as provided by the rules adopted under that subsection, the department shall visit and examine a carrier as frequently as the department considers necessary. At a minimum, the department shall examine a carrier not less frequently than once every five years.
(b) The commissioner shall adopt rules governing the frequency of examinations of carriers that have been organized or incorporated for less than five years.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 188 (S.B. 1253), Sec. 1, eff. September 1, 2007.
Structure Texas Statutes
Title 4 - Regulation of Solvency
Subtitle A - General Provisions
Chapter 401 - Audits and Examinations
Subchapter B. Examination of Carriers
Section 401.051. Duty to Examine Carriers
Section 401.052. Frequency of Examination
Section 401.053. Examination Period
Section 401.054. Powers Related to Examination
Section 401.055. Effect of Subchapter on Authority to Use Information
Section 401.056. Rules Related to Reports and Hearings
Section 401.057. Use of Audit and Work Papers
Section 401.058. Confidentiality of Reports and Related Information
Section 401.059. Determination of Value
Section 401.060. Right to Information Relating to Determination of Value or Market Value
Section 401.061. Disciplinary Action for Failure to Comply With Subchapter