Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 4. REGULATION OF SOLVENCY |
Subtitle D. GUARANTY ASSOCIATIONS |
Chapter 462. TEXAS PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION |
Subchapter C. GENERAL POWERS AND DUTIES OF ASSOCIATION |
Sec. 462.111. ACCESS TO RECORDS OF MEMBER INSURER IN RECEIVERSHIP; ACTUARIAL AND OPERATIONAL ANALYSIS
Latest version.
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(a) The association shall have access to the books and records of a member insurer in receivership to determine the extent of the impact on the association if the member becomes impaired.
(b) The association may:
(1) perform or cause to be performed an actuarial and operational analysis of the member insurer; and
(2) prepare a report on matters relating to the impact or potential impact on the association in the event of impairment.
(c) A report prepared under Subsection (b) is not a public document.
Added by Acts 2005, 79th Leg., Ch. 727 , Sec. 1, eff. April 1, 2007.