Sec. 401.059. DETERMINATION OF VALUE. In determining the value or market value of an investment in or on real estate or an improvement to real estate by a carrier authorized to engage in business in this state, the department, in administering this code, may consider any factor or matter that the department considers proper and material, including:
(1) an appraisal by a real estate board or other qualified person;
(2) an affidavit by another person familiar with those values;
(3) a tax valuation;
(4) the cost of acquisition after deducting for depreciation and obsolescence;
(5) the cost of replacement;
(6) sales of other comparable property;
(7) enhancement in value from any cause;
(8) income received or to be received; and
(9) any improvements made.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 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