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Tex. Ins. Code § 443.355

EXTERNAL AUDIT OF THE RECEIVER'S BOOKS

Known as the Insurer Receivership Act

The act spans §§ 443–443 (73 sections).

Added by Acts 2005, 79th Leg., Ch. 995 (H.B. 2157), Sec. 1, eff

(a) The receivership court may, as it deems desirable, order audits to be made of the books of the receiver relating to any receivership established under this chapter. A report of each audit shall be filed with the commissioner and with the receivership court.

(b) The books, records, and other documents of the receivership must be made available to the auditor at any time without notice.

(c) The expense of each audit shall be considered a cost of administration of the receivership.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.