Sec. 942.201. ANNUAL REPORT. (a) Not later than March 1 of each year, the attorney in fact for an exchange shall submit to the commissioner a report covering the previous year ending December 31.
(b) The report must:
(1) demonstrate that the financial condition of affairs at the exchange is in accordance with the financial requirements of this chapter under Section 942.155; and
(2) provide any additional information and reports as required to show:
(A) the total amount of premiums or deposits collected;
(B) the total amount of losses paid;
(C) the total amounts returned to subscribers; and
(D) the amounts retained for expenses.
(c) The attorney in fact is not required to provide in the report the name and address of any subscriber.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes