Sec. 542.006. PERIODIC REPORTING REQUIREMENT. (a) In this section, "claim" means a written claim filed by a resident of this state with an insurer engaging in business in this state.
(b) If, based on complaints of unfair claim settlement practices under this subchapter, the department finds that an insurer should be subjected to closer supervision with respect to the insurer's claim settlement practices, the department may require the insurer to file periodic reports at intervals the department determines necessary.
(c) Repealed by Acts 2015, 84th Leg., R.S., Ch. 42 , Sec. 3.01(4), eff. September 1, 2015.
(d) If at any time the department determines that the requirement to file a periodic report is no longer necessary to accomplish the objectives of this subchapter, the department may rescind the reporting requirement.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 42 (S.B. 784), Sec. 3.01(4), eff. September 1, 2015.
Structure Texas Statutes
Title 5 - Protection of Consumer Interests
Subtitle C - Deceptive, Unfair, and Prohibited Practices
Chapter 542 - Processing and Settlement of Claims
Subchapter A. Unfair Claim Settlement Practices
Section 542.002. Applicability of Subchapter
Section 542.003. Unfair Claim Settlement Practices Prohibited
Section 542.004. Examination of Tax Returns Prohibited
Section 542.005. Record of Complaints
Section 542.006. Periodic Reporting Requirement
Section 542.007. Comparison of Certain Insurers to Minimum Standard of Performance; Investigation
Section 542.008. Complaints Against Insurers; Investigation
Section 542.009. Review of Investigation Results; Hearing
Section 542.010. Cease and Desist Order; Enforcement
Section 542.011. Time Limit to Appeal