Texas Insurance Code - Section 401.152. Expenses Of Examination Of Other Insurers
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§ 401.152. EXPENSES OF EXAMINATION OF OTHER
INSURERS. (a) An insurer not organized under the laws of this
state shall reimburse the department for the salary and expenses of
each examiner participating in an examination of the insurer and
for other department expenses that are properly allocable to the
department's participation in the examination.
(b) An insurer shall pay the expenses under this section
regardless of whether the examination is made only by the
department or jointly with the insurance supervisory authority of
another state.
(c) The insurer shall pay the expenses directly to the
department on presentation of an itemized written statement from
the commissioner.
(d) The commissioner shall determine the salary of an
examiner participating in an examination of an insurer's books or
records located in another state based on the salary rate
recommended by the National Association of Insurance Commissioners
or the examiner's regular salary rate.
(e) The limitations provided by Sections 803.007(1) and
(2)(B) for a domestic company apply to a foreign insurer.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 401.101 401.102 401.103 401.104 401.105 401.106 401.151 401.152 401.153 401.154 401.155 401.156 401.201 402.001 402.002
Last modified: August 11, 2007
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