Texas Insurance Code - Section 401.102. Legislative Intent As To Appointment Or Employment Of Examiners And Actuaries
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§ 401.102. LEGISLATIVE INTENT AS TO APPOINTMENT OR
EMPLOYMENT OF EXAMINERS AND ACTUARIES. (a) The legislature
recognizes that experienced, highly qualified examiners and
actuaries are necessary for the department to effectively monitor
and regulate the solvency of insurers in this state. It is the
intent of the legislature that the department, in appointing or
employing an examiner or actuary, select a person who:
(1) has substantial experience in financial matters
relating to insurance or other areas of financial activity that are
compatible with the business of insurance; and
(2) is recognized for the outstanding quality of the
person's work in relation to areas of responsibility typically
assigned to an examiner or actuary in the insurance field.
(b) The legislature pledges to provide to the department the
necessary funding to implement this section and to support the
department in the department's efforts to attract the highly
qualified persons necessary to fulfill regulatory responsibilities
relating to insurer solvency assigned to those persons under the
insurance laws of this state.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 401.057 401.058 401.059 401.060 401.061 401.062 401.101 401.102 401.103 401.104 401.105 401.106 401.151 401.152 401.153
Last modified: August 10, 2007
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