Tex. Ins. Code § 2202.103 · Subchapter C. POWERS AND DUTIES OF JOINT UNDERWRITING ASSOCIATION
MAINTENANCE OF INFORMATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A joint underwriting association shall maintain at the association's principal administrative office adequate records of all transactions.
(b) The association shall maintain the records in accordance with prudent recognized industry standards of recordkeeping.
(c) The commissioner or the commissioner's designated representative is entitled to access to records maintained under Subsection (a) for examination, audit, and inspection.
(d) Trade secrets, including the identity and addresses of policyholders and certificate holders, are confidential, except that the commissioner may use information otherwise confidential in proceedings instituted against an association.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2202.htm
- Text hash
- sha256 3696d015824202f97f202f20990d85b63c3bdfc0f437c55442f63bdd015d21d1
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.