Tex. Insurance Code § 401.051
DUTY TO EXAMINE CARRIERS
Texas · Texas Insurance Code · Status: effective
Cite this
- Citation
- Tex. Insurance Code § 401.051, DUTY TO EXAMINE CARRIERS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/677313
- Permanent ID
ys:prov:677313@1- SHA-256
480fae13afaa6fbb30613c5c120d363898baf1dae05cc76bf5bacc880a421a44
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(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.