Texas Insurance Code - Section 492.155. Reports And Certification
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§ 492.155. REPORTS AND CERTIFICATION. (a) Not later than
February 28 of each year, the trustees of the trust shall:
(1) report to the department in writing, showing the
balance of the trust and listing the trust's investments at the end
of the preceding year; and
(2) certify the date of termination of the trust, if
termination is planned, or certify that the trust will not expire
before December 31 of the year of the report.
(b) To enable the commissioner to determine the sufficiency
of the trust fund under Section 492.102(a)(3), the assuming insurer
shall report to the department not later than March 1 of each year
information substantially the same as the information required to
be reported by an authorized insurer on the National Association of
Insurance Commissioners' Annual Statement form.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 492.105 492.106 492.107 492.151 492.152 492.153 492.154 492.155 492.156 492.157 493.001 493.002 493.003 493.051 493.052
Last modified: August 10, 2007
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