Tex. Lab. Code § 407A.252 · Subchapter F. EXAMINATIONS, FINANCIAL STATEMENTS, AND OTHER REPORTS
EXAMINATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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 Sections 401.151 and 401.152, Insurance Code, to the extent the surcharge under Section 407A.302 does not cover those expenses.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 275, Sec. 1, eff. Sept. 1, 2003.
Amended by:
Acts 2025, 89th Leg., R.S., Ch. 358 (S.B. 1455), Sec. 26, eff. January 1, 2026.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LA/htm/LA.407A.htm
- Text hash
- sha256 8ed59fd6790008450ec063255a70e64957b139bd39d4f8dcbd201148bba428dd
- 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
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Insurance Code
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