Sec. 542.007. COMPARISON OF CERTAIN INSURERS TO MINIMUM STANDARD OF PERFORMANCE; INVESTIGATION. (a) The department shall compile the information received from an insurer under Section 542.006 in a manner that enables the department to compare the insurer's performance to a minimum standard of performance adopted by the commissioner.
(b) If the department determines that the insurer does not meet the minimum standard of performance, the department shall investigate the insurer to determine the reason, if any, that the insurer does not meet the minimum standard.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
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