Texas Insurance Code - Section 493.155. Reports And Certification
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§ 493.155. 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 493.102(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: 493.105 493.106 493.107 493.151 493.152 493.153 493.154 493.155 493.156 493.157 494.001 494.002 494.003 501.001 501.002
Last modified: August 10, 2007
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