Texas Insurance Code - Section 462.165. Accounting; Reports; Refund
Legal Research Home >
Texas Lawyer > Insurance Code > Texas Insurance Code - Section 462.165. Accounting; Reports; Refund
§ 462.165. ACCOUNTING; REPORTS; REFUND. (a) The
association, with respect to an impaired insurer, shall adopt
accounting procedures that reflect the use of all money and shall
make a final report of the use of the money to the commissioner. The
final report must state any remaining balance from the money
advanced to an impaired insurer for the payment of covered claims.
(b) The association shall make interim accounting reports
as required by the commissioner or requested by the conservator.
(c) As soon as practicable after completion of the final
report, the association shall refund by line of business the
remaining balance of those advances to the association's accounts.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 462.158 462.159 462.160 462.161 462.162 462.163 462.164 462.165 462.166 462.167 462.168 462.201 462.202 462.203 462.204
Last modified: August 11, 2007
|
