Texas Insurance Code - INS § 401.251. Definitions

(1) “Actuarial division” means the division within the financial program that conducts actuarial examinations of insurers and other entities regulated by the department and administers state laws relating to the level of reserves required of an insurer.

(2) “Examination cost” means a cost associated with salary, travel, or other personnel expenses associated with the examination of insurers and other entities regulated by the department by the financial examinations division or actuarial division.

(3) “Financial examinations division” means the division within the financial program that conducts financial and market conduct examinations of insurers and other entities regulated by the department.

(4) “Financial program” means the program within the department through which the department regulates the financial and operating conditions of, and issues licenses to, domestic and foreign insurers and other entities regulated by the department.