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Texas Labor Code - Section 407A.252. Examination

Legal Research Home > Texas Lawyer > Labor Code > Texas Labor Code - Section 407A.252. Examination

§ 407A.252. EXAMINATION.  (a) The commissioner shall 
examine the financial condition of each group to determine the 
group's ability to meet the group's obligations under this 
subtitle.  An examination under this section is subject to Article 
1.15, Insurance Code, except that, to the extent of a conflict 
between this chapter and that article, this chapter prevails.  The 
commissioner may examine a group annually for the first three years 
of the group's operation.  Beginning with the fourth year of 
operation, the commissioner may not examine a group more frequently 
than once every three years unless the commissioner determines that 
the group:
		(1)  is in an impaired financial condition;  or                               
		(2)  otherwise may not be able to continue to meet the 
group's obligations under this subtitle.
	(b)  The commissioner has full access to the records, 
officers, agents, and employees of a group as necessary to complete 
an examination under this section.  The commissioner may recover 
the expenses of the examination under Article 1.16, Insurance Code, 
to the extent the maintenance tax under Section 407A.302 does not 
cover those expenses.

Added by Acts 2003, 78th Leg., ch. 275, § 1, eff. Sept. 1, 2003.           

Last modified: August 10, 2007