Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 10. PROPERTY AND CASUALTY INSURANCE |
Subtitle G. POOLS, GROUPS, PLANS, AND SELF-INSURANCE |
Chapter 2207. EXCESS LIABILITY POOLS FOR COUNTIES AND CERTAIN EDUCATIONAL ENTITIES |
Subchapter F. BOARD OF TRUSTEES |
Sec. 2207.257. ANNUAL AUDIT; REPORT
Latest version.
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(a) Each year as provided by the plan of operation, the board shall have an actuary audit the capital, surplus, and reserves of the pool and prepare a formal report for the pool and the members of the pool.
(b) The actuary must be a member of the American Academy of Actuaries.
Added by Acts 2005, 79th Leg., Ch. 727 , Sec. 2, eff. April 1, 2007.