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Texas Insurance Code - INS § 32.021. Annual Reports

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The department shall file annually with the governor and the presiding officer of each house of the legislature a complete and detailed written report that includes:

(1) a description of the commissioner's official acts;

(2) a description of the condition of companies doing business in this state; and

(3) other information that exhibits the affairs of the department.

(b) The annual report required by Subsection (a) must be in the form and reported in the time provided by the General Appropriations Act.

(c) The department shall:

(1) send a copy of the annual report required by Subsection (a) to the insurance commissioner or other similar officer of every state; and

(2) on request, send a copy to any company doing business in this state.

(d) The department shall print a separate premium and loss report that contains and arranges in tabular form the premium and loss information contained in the annual statements for companies doing business in this state.

(e) The department shall file the report required by Subsection (d) with the Legislative Reference Library and the Texas State Library with the annual report required by Subsection (a).

(f) The department shall notify the legislature of the availability of the reports required by this section.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 32.021. Annual Reports - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-32-021/

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