Art. 1.04A. SALARIED EXAMINERS. Article repealed effective April 1, 2007 In making examinations of any insurance organization as provided by law, the department may use its own salaried examiners or may use the services of persons or firms qualified to perform such examinations or assist in the performance of such examinations. Such examination shall cover the period of time that the department requests. In the event the department does not specify a longer period of time, such examination shall be from the time of the last examination theretofore made by the department to December 31st of the year preceding the examination then being made. All fees paid to those persons or firms whose services are used shall be paid at the usual and customary rates charged for the performance of those services, subject to the right of the Commissioner to disapprove for payment any fees that are excessive in relation to the services actually performed. Such payment shall be made by the insurance organization being examined and all such examination fees so paid shall be allowed as a credit on the amount of premium or other taxes to be paid by any such insurance organization for the taxable year during which examination fees are paid just as examination fees are credited when the department uses its own salaried examiners. Acts 1957, 55th Leg., p. 1454, ch. 499, Sec. 2. Amended by Acts 1989, 71st Leg., ch. 1082, Sec. 2.06, eff. Sept. 1, 1989; Acts 1991, 72nd Leg., ch. 242, Sec. 1.02, eff. Sept. 1, 1991. Renumbered from art. 1.04(g) and amended by Acts 1993, 73rd Leg., ch. 685, Sec. 1.03, eff. Sept. 1, 1993.

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Last modified: August 10, 2007