Texas Insurance Code - Section 401.057. Use Of Audit And Work Papers
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§ 401.057. USE OF AUDIT AND WORK PAPERS. (a) In this
section, "work papers" has the meaning assigned by Section
401.020(a).
(b) In conducting an examination under this subchapter, the
department shall use audits and work papers that the carrier makes
available to the department and that are prepared by an accountant
or accounting firm meeting the qualifications of Section 401.011.
The department may conduct a separate audit of the carrier if
necessary. Work papers developed in the audit shall be maintained
in the manner provided by Sections 401.020(b) and (c).
(c) The carrier shall provide the department with:
(1) the work papers of an accountant or accounting
firm or the carrier; and
(2) a record of any communications between the
accountant or accounting firm and the carrier that relate to an
audit.
(d) The accountant or accounting firm shall deliver the
information described by Subsection (c) to the examiner. The
examiner shall retain the information during the department's
examination of the carrier.
(e) Information obtained under this section is confidential
and may not be disclosed to the public except when introduced as
evidence in a hearing.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 401.021 401.051 401.052 401.053 401.054 401.055 401.056 401.057 401.058 401.059 401.060 401.061 401.062 401.101 401.102
Last modified: August 11, 2007
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