Art. 1.19. IN CASE OF EXAMINATION. Article repealed effective April 1, 2007 The Board of Insurance Commissioners for the purpose of examination authorized by law, has power either in person or by one or more examiners by it commissioned in writing: 1. To require free access to all books and papers within this State of any insurance companies, or the agents thereof, doing business within this State. 2. To summon and examine any person within this State, under oath, which it or any examiner may administer, relative to the affairs and conditions of any insurance company. 3. To visit at its principal office, wherever situated, any insurance company doing business in this State, for the purpose of investigating its affairs and conditions, and shall revoke the certificate of authority of any such company in this State refusing to permit such examination. The reasonable expenses of all such examination shall be paid by the company examined. The Board may revoke or modify any certificate of authority issued by it when any conditions prescribed by law for granting it no longer exist. The Board shall also have power to institute suits and prosecutions, either by the Attorney General or such other attorneys as the Attorney General may designate, for any violation of the law of this State relating to insurance. No action shall be brought or maintained by any person other than the Board for closing up the affairs or to enjoin, restrain or interfere with the prosecution of the business of any such insurance company organized under the laws of this State. Acts 1951, 52nd Leg., ch. 491. Amended by Acts 1955, 54th Leg., p. 826, ch. 307, Sec. 7.

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Last modified: August 10, 2007