Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The financial program shall keep financial and statistical information as necessary to disclose completely and accurately the financial program's receipts and examination costs.
(b) The financial program shall submit to the commissioner and the Legislative Budget Board an annual report that states:
(1) the revenue received by the financial program from assessments and fees collected by the department relating to the examination of insurers and other regulated entities;
(2) the total salary for each financial program employee who performs examinations of insurers and other regulated entities;
(3) the portion of the salary paid to each employee from the self-directed budget approved under Section 401.252;
(4) the portion of the salary paid to each employee from funds appropriated to the financial program by the state;
(5) the total travel expenses incurred by each employee who performs examinations of insurers and other regulated entities;
(6) the portion of travel expenses paid for each employee from the self-directed budget approved under Section 401.252;
(7) the portion of travel expenses paid for each employee from funds appropriated to the financial program by the state; and
(8) all other examination costs of the financial program.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 401.254. Records; Reporting Requirements - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-401-254/
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.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)