Texas § 964.058 EXAMINATION BY COMMISSIONER.

Texas Statutes

§ 964.058 — EXAMINATION BY COMMISSIONER.

Texas § 964.058

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This text of Texas § 964.058 (EXAMINATION BY COMMISSIONER.) 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. § 964.058 (2026).

Text

Sec. 964.058. EXAMINATION BY COMMISSIONER.

(a)After the application and application fee for a certificate of authority under Section 964.057 are filed with the department and the applicant has complied with all legal requirements, the commissioner shall conduct an examination of the applicant to determine whether:

(1)the minimum capital and surplus, or the equivalent, requirements of Section 964.056 are satisfied;

(2)the capital and surplus, or the equivalent, are the bona fide property of the applicant; and

(3)the applicant has fully complied with applicable insurance laws.

(b)The commissioner may appoint a competent and disinterested person to conduct the examination required by this section. The examiner shall file an affidavit of the examiner's findings with the commissioner. The

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Sec. 964.058. EXAMINATION BY COMMISSIONER. (a) After the application and application fee for a certificate of authority under Section 964.057 are filed with the department and the applicant has complied with all legal requirements, the commissioner shall conduct an examination of the applicant to determine whether:
(1) the minimum capital and surplus, or the equivalent, requirements of Section 964.056 are satisfied;
(2) the capital and surplus, or the equivalent, are the bona fide property of the applicant; and
(3) the applicant has fully complied with applicable insurance laws.
(b) The commissioner may appoint a competent and disinterested person to conduct the examination required by this section. The examiner shall file an affidavit of the examiner's findings with the commissioner. The commissioner shall record the affidavit.

Legislative History

Added by Acts 2013, 83rd Leg., R.S., Ch. 569 (S.B. 734 ), Sec. 2, eff. June 14, 2013. Amended by: Acts 2017, 85th Leg., R.S., Ch. 1050 (H.B. 1944 ), Sec. 1.08, eff. June 15, 2017.