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Texas Insurance Code - INS § 401.060. Right to Information Relating to Determination of Value or Market Value

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

(a) If the department determines the value or market value of an insurer's investment in or on real estate or an improvement to real estate, the insurer is entitled to make a written request for a written finding by the commissioner in relation to that determination.

(b) Not later than the 10th day after the date the commissioner receives a request under Subsection (a), the commissioner shall enter a written order or finding that:

(1) states separately the department's findings on each factor or matter on which the department relied in making the determination;  and

(2) includes the name and address of each person who provided evidence relating to a factor or matter on which the department relied in making the determination.

(c) The commissioner shall provide to the insurer that requested a written finding under this section a copy of the finding or order.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 401.060. Right to Information Relating to Determination of Value or Market Value - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-401-060/

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