 |
Texas Statutes (Last Updated: January 4, 2014) |
 |
INSURANCE CODE |
|
Title 4. REGULATION OF SOLVENCY |
|
Subtitle A. GENERAL PROVISIONS |
|
Chapter 401. AUDITS AND EXAMINATIONS |
|
Subchapter F. SELF-DIRECTED BUDGET FOR CERTAIN DIVISIONS |
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.