Texas Insurance Code - Not Codified - Article 1.17A. Legislative Intent As To Appointment Or Employment Of Examiners And Actuaries

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Art. 1.17A. LEGISLATIVE INTENT AS TO APPOINTMENT OR 
EMPLOYMENT OF EXAMINERS AND ACTUARIES.  

Article repealed effective April 1, 2007
	(a) The Legislature recognizes that experienced, highly 
qualified examiners and actuaries are necessary for the department 
to monitor and regulate effectively the solvency of insurers in 
this state.  It is the intent of the Legislature that the 
department, in appointing or employing examiners or actuaries, 
select persons who have substantial experience in financial matters 
relating to insurance or other areas of financial activity that are 
compatible with the business of insurance and who are recognized 
for the outstanding quality of their work in relation to areas of 
responsibility typically assigned to examiners and actuaries in the 
insurance field.
	(b)  The Legislature pledges to provide to the department the 
necessary funding to implement this article and to support the 
department in its efforts to attract the highly qualified persons 
necessary to fulfill regulatory responsibilities relating to 
insurer solvency assigned to them under the insurance laws of this 
state.

Added by Acts 1991, 72nd Leg., ch. 242, Sec. 1.15, eff. Sept. 1, 
1991.      

Last modified: August 10, 2007