Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 10. PROPERTY AND CASUALTY INSURANCE |
Subtitle G. POOLS, GROUPS, PLANS, AND SELF-INSURANCE |
Chapter 2202. JOINT UNDERWRITING |
Subchapter C. POWERS AND DUTIES OF JOINT UNDERWRITING ASSOCIATION |
Sec. 2202.103. MAINTENANCE OF INFORMATION
Latest version.
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(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.
Added by Acts 2005, 79th Leg., Ch. 727 , Sec. 2, eff. April 1, 2007.