Texas Insurance Code - Not Codified - Article 1.17. Appointment Of Examiners And Actuaries By State Board Of Insurance; Salaries
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Art. 1.17. APPOINTMENT OF EXAMINERS AND ACTUARIES BY STATE
BOARD OF INSURANCE; SALARIES.
Article repealed effective April 1, 2007
The State Board of Insurance shall appoint a chief examiner
and such number of assistant examiners as it deems necessary for the
purpose of making examinations of insurance companies,
corporations, or associations at the expense of such companies,
corporations, or associations as are provided for by law. The State
Board of Insurance shall also appoint the number of actuaries it
considers necessary to advise it in connection with the performance
of its duties and for aid, advice, and counsel in connection with
such examinations. Such examiners and actuaries shall perform all
the duties relative to examinations. It is the purpose of this
Article and Articles 1.16 and 1.18 of this Code to provide for the
examination by the State Board of Insurance of all corporations,
firms, or persons engaged in the business of writing insurance of
any kind in this State whether now subject to the supervision of the
State Board of Insurance or not.
All such examiners and actuaries shall be employed subject to
the will of the State Board of Insurance and the number of such
examiners and actuaries may be increased or decreased from time to
time to suit the needs of the examining work.
Where the State Board of Insurance shall deem it advisable it
may commission any actuary of the Board, the chief examiner, or any
other examiner or employee of the Board, or any other person, to
conduct or assist in the examination of any company not organized
under the laws of Texas and allow them compensation as herein
provided, except that they may not be otherwise compensated during
the time they are assigned to such foreign company examinations.
Other than as provided herein, neither any actuary nor any examiner
of the State Board of Insurance may continue to serve as such if,
while holding such position, he directly or indirectly accepts from
any insurance company any employment or pay or compensation or
gratuity on account of any service rendered or to be rendered on any
account whatsoever.
Acts 1951, 52nd Leg., ch. 491. Amended by Acts 1955, 54th Leg., p.
826, ch. 307, Sec. 5.
Amended by Acts 1983, 68th Leg., p. 3911, ch. 622, Sec. 16, eff.
Sept. 1, 1983.
Article: 1.12 1.13 1.14-3 1.15 1.15A 1.15B 1.16 1.17 1.17A 1.18 1.19 1.32 1.33 1.39 1.61
Last modified: August 11, 2007
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