Texas Insurance Code - Section 442.451. Audits Or Investigations Of Receiver, Special Deputy Receiver, Or Guaranty Association
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§ 442.451. AUDITS OR INVESTIGATIONS OF RECEIVER, SPECIAL
DEPUTY RECEIVER, OR GUARANTY ASSOCIATION. (a) The commissioner
shall adopt rules, after submitting the rules to the state auditor
for review and comment, prescribing the audits required for the
receiver each special deputy receiver, and each guaranty
association established under Chapter 462, 463, or 2602. The rules
must include provisions relating to the scope, frequency, reporting
requirements, and cost of audits.
(b) As determined necessary by the commissioner or the state
auditor to supplement audits conducted under rules adopted under
Subsection (a), the state auditor may conduct audits or
investigations, as defined by Sections 321.0131-321.0136,
Government Code, of the receiver, each special deputy receiver, and
each guaranty association described by Subsection (a). The audited
or investigated entity shall reimburse the state auditor for costs
associated with the audit or investigation.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 442.351 442.352 442.401 442.402 442.403 442.404 442.405 442.451 442.452 442.453 442.501 442.502 442.503 442.551 442.552
Last modified: August 10, 2007
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