Texas § IN.493.107 - REQUEST FOR INFORMATION FROM ASSUMING INSURER
Full text of Texas The Texas Constitution § IN.493.107 — REQUEST FOR INFORMATION FROM ASSUMING INSURER, with citation guidance and answers to common questions.
§ IN.493.107. REQUEST FOR INFORMATION FROM ASSUMING INSURER
REQUEST FOR INFORMATION FROM ASSUMING INSURER. (a) The commissioner may request that an assuming insurer not meeting the requirements of Section 493.102 file: (1) financial statements certified and audited by an independent certified public accountant; (2) a certified copy of the certificate or letter of authority from the domiciliary jurisdiction; and (3) information on the principals and management of the assuming insurer. (b) If an assuming insurer does not comply with a request under this section, the commissioner may issue a directive prohibiting all authorized insurers from taking credit for business ceded to the assuming insurer after the effective date of the directive. (c) An unauthorized insurer that is included in the most recent quarterly listing published by the International Insurers Department of the National Association of Insurance Commissioners is considered to have complied with a request under this section. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.
Frequently Asked Questions About Texas § IN.493.107
What does The Texas Constitution § IN.493.107 cover?
Section IN.493.107 ("REQUEST FOR INFORMATION FROM ASSUMING INSURER") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.493.107?
A common citation format is "The Texas Constitution § IN.493.107" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.493.107 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.