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Texas Insurance Code - INS § 942.201. Annual Report

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

(a) Not later than March 1 of each year, the attorney in fact for an exchange shall submit to the commissioner a report covering the previous year ending December 31.

(b) The report must:

(1) demonstrate that the financial condition of affairs at the exchange is in accordance with the financial requirements of this chapter under Section 942.155;  and

(2) provide any additional information and reports as required to show:

(A) the total amount of premiums or deposits collected;

(B) the total amount of losses paid;

(C) the total amounts returned to subscribers;  and

(D) the amounts retained for expenses.

(c) The attorney in fact is not required to provide in the report the name and address of any subscriber.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 942.201. Annual Report - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-942-201/

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