Texas § 463.353 EXAMINATION.

Texas Statutes

§ 463.353 — EXAMINATION.

Texas § 463.353

Code INInsurance Code

This text of Texas § 463.353 (EXAMINATION.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 463.353 (2026).

Text

Sec. 463.353. EXAMINATION.

(a)The board by majority vote may request the commissioner to order an examination of a member insurer that the board in good faith believes may be impaired or insolvent. The commissioner shall keep the request on file. The request is open for public inspection before release of the examination report to the public.

(b)Not later than the 30th day after the date the commissioner receives the request, the commissioner shall begin the examination. The examination may be conducted:

(1)as a National Association of Insurance Commissioners examination; or

(2)by a person the commissioner designates.

(c)The association shall pay the cost of the examination.

(d)The commissioner shall notify the board when the examination is completed. The examination report shall be

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Sec. 463.353. EXAMINATION. (a) The board by majority vote may request the commissioner to order an examination of a member insurer that the board in good faith believes may be impaired or insolvent. The commissioner shall keep the request on file. The request is open for public inspection before release of the examination report to the public.
(b) Not later than the 30th day after the date the commissioner receives the request, the commissioner shall begin the examination. The examination may be conducted:
(1) as a National Association of Insurance Commissioners examination; or
(2) by a person the commissioner designates.
(c) The association shall pay the cost of the examination.
(d) The commissioner shall notify the board when the examination is completed. The examination report shall be treated in the same manner as other examination reports. The report may not be released to the board before the report is released to the public, except that the commissioner may comply with Section 463.351 .