Texas Insurance Code - Section 401.014. Registration Of Accountant
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§ 401.014. REGISTRATION OF ACCOUNTANT. (a) Not later
than December 31 of the calendar year to be covered by an audited
financial report required by this subchapter, an insurer or health
maintenance organization must register in writing with the
commissioner the name and address of the accountant retained to
prepare the report.
(b) The insurer or health maintenance organization must
include with the registration a statement signed by the accountant:
(1) indicating that the accountant is aware of the
requirements of this subchapter and of the rules of the insurance
department of the insurer's or health maintenance organization's
state of domicile that relate to accounting and financial matters;
and
(2) affirming that the accountant will express the
accountant's opinion on the financial statements in terms of the
statements' conformity to the statutory accounting practices
prescribed or otherwise permitted by the insurance department
described by Subdivision (1) and specifying any exceptions the
accountant believes are appropriate.
(c) The commissioner may not accept an audited financial
report prepared by an accountant who is not registered under this
section.
(d) The commissioner may not accept the registration of a
person who does not qualify under Section 401.011 or does not comply
with the other requirements of this subchapter.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 401.007 401.008 401.009 401.010 401.011 401.012 401.013 401.014 401.015 401.016 401.017 401.018 401.019 401.020 401.021
Last modified: August 11, 2007
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