Sec. 401.060. RIGHT TO INFORMATION RELATING TO DETERMINATION OF VALUE OR MARKET VALUE. (a) If the department determines the value or market value of an insurer's investment in or on real estate or an improvement to real estate, the insurer is entitled to make a written request for a written finding by the commissioner in relation to that determination.
(b) Not later than the 10th day after the date the commissioner receives a request under Subsection (a), the commissioner shall enter a written order or finding that:
(1) states separately the department's findings on each factor or matter on which the department relied in making the determination; and
(2) includes the name and address of each person who provided evidence relating to a factor or matter on which the department relied in making the determination.
(c) The commissioner shall provide to the insurer that requested a written finding under this section a copy of the finding or order.
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