Texas Insurance Code § 401.012 Hearing On Accountant Qualifications; Replacement Of Accountant

Sec. 401.012. HEARING ON ACCOUNTANT QUALIFICATIONS; REPLACEMENT OF ACCOUNTANT. The commissioner may hold a hearing to determine if an accountant is qualified and independent. If, after considering the evidence presented, the commissioner determines that an accountant is not qualified and independent for purposes of expressing an opinion on the financial statements in an audited financial report filed under this subchapter, the commissioner shall issue an order directing the insurer or health maintenance organization to replace the accountant with a qualified and independent accountant.

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.

Section: Previous  401.005  401.006  401.007  401.008  401.009  401.010  401.011  401.012  401.013  401.014  401.015  401.016  401.017  401.018  401.019  Next

Last modified: September 28, 2016