Sec. 401.254. RECORDS; REPORTING REQUIREMENTS. (a) The financial program shall keep financial and statistical information as necessary to disclose completely and accurately the financial program's receipts and examination costs.
(b) The financial program shall submit to the commissioner and the Legislative Budget Board an annual report that states:
(1) the revenue received by the financial program from assessments and fees collected by the department relating to the examination of insurers and other regulated entities;
(2) the total salary for each financial program employee who performs examinations of insurers and other regulated entities;
(3) the portion of the salary paid to each employee from the self-directed budget approved under Section 401.252;
(4) the portion of the salary paid to each employee from funds appropriated to the financial program by the state;
(5) the total travel expenses incurred by each employee who performs examinations of insurers and other regulated entities;
(6) the portion of travel expenses paid for each employee from the self-directed budget approved under Section 401.252;
(7) the portion of travel expenses paid for each employee from funds appropriated to the financial program by the state; and
(8) all other examination costs of the financial program.
Added by Acts 2011, 82nd Leg., R.S., Ch. 659 (S.B. 1291), Sec. 1, eff. September 1, 2011.
Section: Previous 401.104 401.105 401.106 401.107 401.151 401.152 401.153 401.154 401.155 401.156 401.201 401.251 401.252 401.253 401.254Last modified: September 28, 2016