Texas Insurance Code - Section 401.051. Duty To Examine Carriers
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Texas Lawyer > Insurance Code > Texas Insurance Code - Section 401.051. Duty To Examine Carriers
§ 401.051. DUTY TO EXAMINE CARRIERS. (a) The department
or an examiner appointed by the department shall visit at the
carrier's principal office:
(1) each carrier that is organized under the laws of
this state; and
(2) each other carrier that is authorized to engage in
business in this state.
(b) The department or an examiner appointed by the
department may visit the carrier for the purpose of investigating
the carrier's affairs and condition. The department or an examiner
appointed by the department shall examine the carrier's financial
condition and ability to meet the carrier's liabilities and
compliance with the laws of this state that affect the conduct of
the carrier's business.
(c) The department or an examiner appointed by the
department may conduct the visit and examination of a carrier
described by Subsection (a)(2) alone or with representatives of the
insurance supervising departments of other states.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 401.015 401.016 401.017 401.018 401.019 401.020 401.021 401.051 401.052 401.053 401.054 401.055 401.056 401.057 401.058
Last modified: August 11, 2007
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