He will be deprived of the protection ostensibly purchased in his policy - protection against the risk of having to pay out of his own pocket to restore his motor car and its component parts to a functioning or operating state in the event they were damaged. Great Texas did not appeal the 3rd Court's decision to the Texas Supreme Court, leaving the ruling in place as the Texas judiciary's final word on the subject. Financial examinations roll around every three years for most insurers and HMOs and are absolutely critical to solvency regulation, which some argue is the core function of any state insurance department. Cooperation between TDI and the companies undergoing examination is essential if the process is to go smoothly, conclude as quickly as possible and produce am exam report that fairly presents the operations of the company from a regulatory perspective. By far the majority of carriers cooperate with TDI examiners by providing the necessary underlying information for examiners to perform a comprehensive examination in a time-efficient manner.
Most examinations go smoothly and our examiners depart at the earliest possible moment.
In a few cases, however, examiners have experienced a lack of cooperation ranging from inadequate work space to unusual delays in providing information and failure to make key staff available to answer the examiners questions. Actions by TDI and the Legislature Cooperation should always be a two-way street. In recent years TDI and the Legislature have taken steps that generally have made examinations go more quickly and with less disruption to a company's operations than was true in the past. A legislative directive that wherever possible, examiners use the work papers prepared by the CPAs who performed a company's year-end audits. This eliminated much duplication of effort, made the examiners' work more efficient and reduced the duration of most examinations.