reglab/housing_qa huggingface dataset:
TX Ins Code § 401.152 (2021)
2021 Texas Statutes|Insurance Code|Title 4 - Regulation of Solvency|Subtitle A - General Provisions|Chapter 401 - Audits and Examinations|Subchapter D. Examination Expenses|Section 401.152. Expenses of Examination of Other Insurers

Sec. 401.152.  EXPENSES OF EXAMINATION OF OTHER INSURERS.  (a)  An insurer not organized under the laws of this state shall reimburse the department for the salary and expenses of each examiner participating in an examination of the insurer and for other department expenses that are properly allocable to the department's participation in the examination.(a-1)  The department shall also impose an annual assessment on insurers not organized under the laws of this state subject to examination as described by this section in an amount sufficient to meet all other expenses and disbursements necessary to comply with the laws of this state relating to the examination of insurers.  The amount imposed under this subsection must be computed in the same manner as the amount imposed under Section 401.151(c) for domestic insurers.(b)  An insurer shall pay the expenses under this section regardless of whether the examination is made only by the department or jointly with the insurance supervisory authority of another state.(c)  The insurer shall pay the expenses directly to the department on presentation of an itemized written statement from the commissioner. (d)  The commissioner shall determine the salary of an examiner participating in an examination of an insurer's books or records located in another state based on the salary rate recommended by the National Association of Insurance Commissioners or the examiner's regular salary rate.(e)  The limitations provided by Sections 803.007(1) and (2)(B) for a domestic company apply to a foreign insurer.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 1286 (H.B. 2163), Sec. 1, eff. September 1, 2013.|
TX Ins Code § 401.153 (2021)
2021 Texas Statutes|Insurance Code|Title 4 - Regulation of Solvency|Subtitle A - General Provisions|Chapter 401 - Audits and Examinations|Subchapter D. Examination Expenses|Section 401.153. Reimbursement of Expenses of Certain Persons or Firms

Sec. 401.153.  REIMBURSEMENT OF EXPENSES OF CERTAIN PERSONS OR FIRMS.  (a)  A person or firm appointed by the department to examine an insurer or to assist in the insurer's examination shall be paid for those services at the usual and customary rates charged for those services.  The insurer being examined shall pay the fee for those services.(b)  The commissioner may disapprove the payment of a fee under Subsection (a) if the fee is excessive in relation to the services actually performed.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.|
TX Ins Code § 401.154 (2021)
2021 Texas Statutes|Insurance Code|Title 4 - Regulation of Solvency|Subtitle A - General Provisions|Chapter 401 - Audits and Examinations|Subchapter D. Examination Expenses|Section 401.154. Tax Credit Authorized

Sec. 401.154.  TAX CREDIT AUTHORIZED.  (a)  An insurer is entitled to a credit on the amount of premium taxes to be paid by the insurer for all examination fees paid under Section 401.153.  The insurer may take the credit for the taxable year during which the examination fees are paid and may take the credit to the same extent the insurer may take a credit for examination fees paid when a salaried department examiner conducts the examination.(b)  Expired.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.Amended by: Acts 2007, 80th Leg., R.S., Ch. 932 (H.B. 3315), Sec. 18, eff. June 15, 2007.Acts 2011, 82nd Leg., 1st C.S., Ch. 4 (S.B. 1), Sec. 2.05, eff. September 28, 2011.|
TX Ins Code § 401.155 (2021)
2021 Texas Statutes|Insurance Code|Title 4 - Regulation of Solvency|Subtitle A - General Provisions|Chapter 401 - Audits and Examinations|Subchapter D. Examination Expenses|Section 401.155. Additional Assessments

Sec. 401.155.  ADDITIONAL ASSESSMENTS.  (a)  The department shall impose additional assessments against insurers on a pro rata basis as necessary to:(1)  cover all expenses and disbursements required by law; and(2)  comply with this subchapter and Sections 401.103, 401.104, 401.105, and 401.106.(b)  The department shall use any surplus resulting from an assessment under this section to reduce the amount of subsequent assessments.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.|
TX Ins Code § 401.156 (2021)
2021 Texas Statutes|Insurance Code|Title 4 - Regulation of Solvency|Subtitle A - General Provisions|Chapter 401 - Audits and Examinations|Subchapter D. Examination Expenses|Section 401.156. Deposit and Use of Assessment and Fee

Sec. 401.156.  DEPOSIT AND USE OF ASSESSMENT AND FEE.  (a)  The department shall deposit any assessments or fees collected under this subchapter relating to the examination of insurers and other regulated entities by the financial examinations division or actuarial division, as those terms are defined by Section 401.251, to the credit of an account with the Texas Treasury Safekeeping Trust Company to be used exclusively to pay examination costs, as defined by Section 401.251, to reimburse administrative support costs for the Texas Department of Insurance operating account, and to reimburse premium tax credits for examination costs and examination overhead assessments.(b)  Money deposited under Subsection (a) accumulates and may be disbursed to the department in a manner consistent with that subsection and Subchapter F.(c)  Revenue that is not related to the examination of insurers or other regulated entities by the financial examinations division or actuarial division shall be deposited to the credit of the Texas Department of Insurance operating account.(d)  To the extent that another provision of law conflicts with this section or a provision of this section, this section or the provision of this section controls.(e)  The department may transfer funds between the account described by Subsection (a) and the Texas Department of Insurance operating account as necessary to ensure that funds are deposited to the correct account and used for the correct purposes.  This subsection does not authorize a disbursement or transfer of funds in a manner that is inconsistent with the purposes of Subchapter F and this section.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 659 (S.B. 1291), Sec. 3, eff. September 1, 2011.Acts 2013, 83rd Leg., R.S., Ch. 489 (S.B. 1665), Sec. 1, eff. June 14, 2013.Acts 2013, 83rd Leg., R.S., Ch. 1286 (H.B. 2163), Sec. 2, eff. September 1, 2013.Reenacted and amended by Acts 2015, 84th Leg., R.S., Ch. 1236 (S.B. 1296), Sec. 11.001, eff. September 1, 2015.|
TX Ins Code § 401.201 (2021)
2021 Texas Statutes|Insurance Code|Title 4 - Regulation of Solvency|Subtitle A - General Provisions|Chapter 401 - Audits and Examinations|Subchapter E. Confidentiality of Certain Information|Section 401.201. Confidentiality of Early Warning System Information

Sec. 401.201.  CONFIDENTIALITY OF EARLY WARNING SYSTEM INFORMATION.  Information relating to the financial solvency of an organization regulated by the department under this code or another insurance law of this state that is obtained by the department's early warning system is confidential and is not subject to disclosure under Chapter 552, Government Code.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.|
TX Ins Code § 401.251 (2021)
2021 Texas Statutes|Insurance Code|Title 4 - Regulation of Solvency|Subtitle A - General Provisions|Chapter 401 - Audits and Examinations|Subchapter F. Self-Directed Budget for Certain Divisions|Section 401.251. Definitions

Sec. 401.251.  DEFINITIONS.  In this subchapter:(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.|Added by Acts 2011, 82nd Leg., R.S., Ch. 659 (S.B. 1291), Sec. 1, eff. September 1, 2011.|
TX Ins Code § 401.252 (2021)
2021 Texas Statutes|Insurance Code|Title 4 - Regulation of Solvency|Subtitle A - General Provisions|Chapter 401 - Audits and Examinations|Subchapter F. Self-Directed Budget for Certain Divisions|Section 401.252. Self-Directed Budget

Sec. 401.252.  SELF-DIRECTED BUDGET.  (a)  The senior associate commissioner of the financial program shall submit to the commissioner an annual budget of examination costs using generally accepted accounting principles.  Notwithstanding any other provision of law, the budget may be adopted and approved only by the commissioner.  The commissioner shall approve a budget under this subsection not later than August 31 of the year in which the associate commissioner submits the budget to the commissioner.(b)  The financial program may not directly or indirectly cause the Texas Department of Insurance operating account to incur any examination cost.(c)  Subject to any limitations in this code or another insurance law of this state, the department may set the amounts of fees required or permitted by statute or rule as necessary to:(1)  carry out the functions of the financial examinations and actuarial divisions relating to the examination of insurers and other regulated entities; and(2)  fund the budget adopted and approved under this section.(d)  Notwithstanding this section, the financial program may receive funds appropriated from the state to fund costs other than examination costs.(e)  An assessment, fee, charge, or other source of revenue collected by the financial program relating to the examination of insurers and other regulated entities by the financial examinations division or actuarial division shall be deposited to the credit of the account described by Section 401.156(a) for the purposes described by that section.|Added by Acts 2011, 82nd Leg., R.S., Ch. 659 (S.B. 1291), Sec. 1, eff. September 1, 2011.|
TX Ins Code § 401.253 (2021)
2021 Texas Statutes|Insurance Code|Title 4 - Regulation of Solvency|Subtitle A - General Provisions|Chapter 401 - Audits and Examinations|Subchapter F. Self-Directed Budget for Certain Divisions|Section 401.253. Audits

Sec. 401.253.  AUDITS.  This subchapter does not affect the duty of the state auditor to audit the financial program.|Added by Acts 2011, 82nd Leg., R.S., Ch. 659 (S.B. 1291), Sec. 1, eff. September 1, 2011.|
TX Ins Code § 401.254 (2021)
2021 Texas Statutes|Insurance Code|Title 4 - Regulation of Solvency|Subtitle A - General Provisions|Chapter 401 - Audits and Examinations|Subchapter F. Self-Directed Budget for Certain Divisions|Section 401.254. Records; Reporting Requirements

Sec. 401.254.  RECORDS; REPORTING REQUIREMENTS.  (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.|Added by Acts 2011, 82nd Leg., R.S., Ch. 659 (S.B. 1291), Sec. 1, eff. September 1, 2011.|
TX Ins Code § 401.255 (2021)
2021 Texas Statutes|Insurance Code|Title 4 - Regulation of Solvency|Subtitle A - General Provisions|Chapter 401 - Audits and Examinations|Subchapter F. Self-Directed Budget for Certain Divisions|Section 401.255. Membership in Employees Retirement System

Sec. 401.255.  MEMBERSHIP IN EMPLOYEES RETIREMENT SYSTEM.  Employees of the actuarial division and financial examinations division are members of the Employees Retirement System of Texas under Chapter 812, Government Code, and the transition to a self-directed budget as provided by this subchapter has no effect on their membership or any benefits under that system.|Added by Acts 2011, 82nd Leg., R.S., Ch. 659 (S.B. 1291), Sec. 1, eff. September 1, 2011.|
TX Ins Code § 402.001 (2021)
2021 Texas Statutes|Insurance Code|Title 4 - Regulation of Solvency|Subtitle A - General Provisions|Chapter 402 - Disclosure of Material Transactions|Subchapter A. General Provisions|Section 402.001. Applicability of Chapter

Sec. 402.001.  APPLICABILITY OF CHAPTER.  (a)  Except as provided by Subsection (b), this chapter applies to:(1)  each of the following domestic or commercially domiciled insurers:(A)  a capital stock insurance company;(B)  a mutual insurance company;(C)  a title insurance company;(D)  a fraternal benefit society;(E)  a Lloyd's plan;(F)  a reciprocal or interinsurance exchange;(G)  a group hospital service corporation or a nonprofit hospital, medical, or dental service corporation;(H)  a risk retention group; and(I)  a nonprofit legal services corporation; and(2)  a domestic or commercially domiciled health maintenance organization.(b)  This chapter does not apply to a domestic insurer that engages in the business of insurance only in this state or to a domestic health maintenance organization that engages in the business of a health maintenance organization only in this state until the insurer or health maintenance organization is authorized to engage in the business of insurance or the business of a health maintenance organization, as applicable, in another state.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.|
TX Ins Code § 402.002 (2021)
2021 Texas Statutes|Insurance Code|Title 4 - Regulation of Solvency|Subtitle A - General Provisions|Chapter 402 - Disclosure of Material Transactions|Subchapter A. General Provisions|Section 402.002. General Reporting Requirements

Sec. 402.002.  GENERAL REPORTING REQUIREMENTS.  (a)  An insurer or health maintenance organization shall file with the department a report, including any necessary exhibit or other attachment, that discloses:(1)  the material acquisition or disposition of assets; or(2)  the material nonrenewal, cancellation, or revision of a ceded reinsurance agreement.(b)  The insurer or health maintenance organization shall file the report required under Subsection (a) not later than the 15th day after the last day of the calendar month in which any transaction for which a report is required occurs.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.|
TX Ins Code § 402.003 (2021)
2021 Texas Statutes|Insurance Code|Title 4 - Regulation of Solvency|Subtitle A - General Provisions|Chapter 402 - Disclosure of Material Transactions|Subchapter A. General Provisions|Section 402.003. Exceptions to Reporting Requirements

Sec. 402.003.  EXCEPTIONS TO REPORTING REQUIREMENTS.  An insurer or health maintenance organization is not required to file a report under Section 402.002 if:(1)  the acquisition or disposition of assets or the nonrenewal, cancellation, or revision of a ceded reinsurance agreement is not material; or(2)  the insurer's or health maintenance organization's material acquisition or disposition of assets or material nonrenewal, cancellation, or revision of a ceded reinsurance agreement has been submitted to the commissioner for review, approval, or information under another provision of this code or another law, regulation, or requirement.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.|
TX Ins Code § 402.004 (2021)
2021 Texas Statutes|Insurance Code|Title 4 - Regulation of Solvency|Subtitle A - General Provisions|Chapter 402 - Disclosure of Material Transactions|Subchapter A. General Provisions|Section 402.004. Report Made on Nonconsolidated Basis

Sec. 402.004.  REPORT MADE ON NONCONSOLIDATED BASIS.  (a)  An insurer or health maintenance organization shall report each material acquisition or disposition and each material nonrenewal, cancellation, or revision of a ceded reinsurance agreement on a nonconsolidated basis unless the insurer or health maintenance organization:(1)  is part of a consolidated group of insurers or health maintenance organizations that uses a pooling arrangement or a 100 percent reinsurance agreement that affects the solvency and integrity of the insurer's or health maintenance organization's reserves; and(2)  has ceded substantially all of the insurer's or health maintenance organization's direct and assumed business to the pooling arrangement.(b)  For purposes of Subsection (a), an insurer or health maintenance organization is considered to have ceded substantially all of the insurer's or health maintenance organization's direct and assumed business to a pooling arrangement if:(1)  the insurer or health maintenance organization has, during a calendar year, less than $1 million total direct and assumed written premiums that are not subject to a pooling arrangement; and(2)  the net income of the business that is not subject to the pooling arrangement represents less than five percent of the insurer's or health maintenance organization's capital and surplus.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.|
TX Ins Code § 402.005 (2021)
2021 Texas Statutes|Insurance Code|Title 4 - Regulation of Solvency|Subtitle A - General Provisions|Chapter 402 - Disclosure of Material Transactions|Subchapter A. General Provisions|Section 402.005. Confidentiality of Report

Sec. 402.005.  CONFIDENTIALITY OF REPORT.  (a)  A report obtained by or disclosed to the commissioner under this chapter is confidential and is not subject to a subpoena, other than a grand jury subpoena.(b)  The report may not be disclosed by the commissioner, the National Association of Insurance Commissioners, or any other person without the prior written consent of the affected insurer or health maintenance organization unless the commissioner, after providing notice and an opportunity for a hearing to the affected insurer or health maintenance organization, determines that the interest of shareholders, holders of policies or evidences of coverage, or the public will be served by publishing the report.  If the commissioner makes that determination, the department may:(1)  disclose the report to the public; and(2)  publish any part of the report in a manner the commissioner considers appropriate.(c)  The report may be disclosed to the insurance department of another state or another authorized governmental agency without complying with Subsection (b).|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.|
TX Ins Code § 402.051 (2021)
2021 Texas Statutes|Insurance Code|Title 4 - Regulation of Solvency|Subtitle A - General Provisions|Chapter 402 - Disclosure of Material Transactions|Subchapter B. Acquisition and Disposition of Assets|Section 402.051. Acquisitions and Dispositions Considered Material

Sec. 402.051.  ACQUISITIONS AND DISPOSITIONS CONSIDERED MATERIAL.  For purposes of this chapter, an acquisition, or the aggregate of a series of related acquisitions during a 30-day period, or a disposition, or the aggregate of a series of related dispositions during a 30-day period, is material if it:(1)  is not recurring;(2)  is not in the ordinary course of business; and(3)  involves more than five percent of the reporting insurer's or health maintenance organization's total admitted assets as reported in the insurer's or health maintenance organization's most recent statutory statement filed with the department.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.|
TX Ins Code § 402.052 (2021)
2021 Texas Statutes|Insurance Code|Title 4 - Regulation of Solvency|Subtitle A - General Provisions|Chapter 402 - Disclosure of Material Transactions|Subchapter B. Acquisition and Disposition of Assets|Section 402.052. Acquisitions and Dispositions Subject to Chapter

Sec. 402.052.  ACQUISITIONS AND DISPOSITIONS SUBJECT TO CHAPTER.  (a)  An asset acquisition subject to this chapter includes a purchase, lease, exchange, merger, consolidation, succession, or other acquisition of assets, except the construction or development of real property by or for the reporting insurer or health maintenance organization or the acquisition of materials for that purpose.(b)  An asset disposition subject to this chapter includes a sale, lease, exchange, merger, consolidation, mortgage, hypothecation, assignment, whether for the benefit of a creditor or otherwise, abandonment, destruction, or other disposition of assets.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.|
TX Ins Code § 402.053 (2021)
2021 Texas Statutes|Insurance Code|Title 4 - Regulation of Solvency|Subtitle A - General Provisions|Chapter 402 - Disclosure of Material Transactions|Subchapter B. Acquisition and Disposition of Assets|Section 402.053. Content of Report Concerning Material Acquisitions and Dispositions

Sec. 402.053.  CONTENT OF REPORT CONCERNING MATERIAL ACQUISITIONS AND DISPOSITIONS.  In a report of a material acquisition or disposition of assets under Section 402.002, an insurer or health maintenance organization shall disclose:(1)  the date of the transaction;(2)  the manner of acquisition or disposition;(3)  a description of the assets involved;(4)  the nature and amount of the consideration given or received;(5)  the purpose of the transaction;(6)  the manner by which the amount of consideration was determined;(7)  the gain or loss recognized or realized as a result of the transaction; and(8)  the name of each person from whom the assets were acquired or to whom they were disposed.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.|