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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The department or an examiner appointed by the department shall visit at the carrier's principal office:
(1) each carrier that is organized under the laws of this state; and
(2) each other carrier that is authorized to engage in business in this state.
(b) The department or an examiner appointed by the department may visit the carrier for the purpose of investigating the carrier's affairs and condition. The department or an examiner appointed by the department shall examine the carrier's financial condition and ability to meet the carrier's liabilities and compliance with the laws of this state that affect the conduct of the carrier's business.
(c) The department or an examiner appointed by the department may conduct the visit and examination of a carrier described by Subsection (a)(2) alone or with representatives of the insurance supervising departments of other states.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 401.051. Duty to Examine Carriers - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-401-051/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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