Texas Insurance Code - Section 401.005. Alternative Filing For Canadian Or British Insurers Or Health Maintenance Organizations
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§ 401.005. ALTERNATIVE FILING FOR CANADIAN OR BRITISH
INSURERS OR HEALTH MAINTENANCE ORGANIZATIONS. (a) Instead of the
audited financial report required by Section 401.004, an insurer or
health maintenance organization domiciled in Canada or the United
Kingdom may file the insurer's or health maintenance organization's
annual statement of total business on the form filed by the insurer
or health maintenance organization with the appropriate regulatory
authority in the country of domicile. The statement must be audited
by an independent accountant chartered in the country of domicile.
(b) The chartered accountant must be registered with the
commissioner under Section 401.014(a). The registration must be
accompanied by a statement, signed by the accountant, indicating
that the accountant is aware of the requirements of this subchapter
and affirming that the accountant will express the accountant's
opinion in conformity with those requirements.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 281.007 281.051 281.052 401.001 401.002 401.003 401.004 401.005 401.006 401.007 401.008 401.009 401.010 401.011 401.012
Last modified: August 11, 2007
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