Texas § 401.051 DUTY TO EXAMINE CARRIERS.

Texas Statutes

§ 401.051 — DUTY TO EXAMINE CARRIERS.

Texas § 401.051

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 401.051 (2026).

Text

Sec. 401.051. DUTY TO EXAMINE CARRIERS.

(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

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Sec. 401.051. DUTY TO EXAMINE CARRIERS. (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.

Jan Lubin, Gilberto Villanueva, Michael Paladino, Gerald Hooks and Lesly K. Hooks v. Farmers Group, Inc. Farmers Underwriters Association Fire Underwriters Association Farmers Insurance Exchange Fire Insurance Exchange Texas Farmers Insurance Company Mid-Century Insurance Company of Texas Mid-Century Insurance Company

(Court of Appeals of Texas, 2009)