Texas Insurance Code

§ 401.155 — ADDITIONAL ASSESSMENTS

IN § 401.155Title 4. REGULATION OF SOLVENCY · Part A. GENERAL PROVISIONS · Ch. 401. AUDITS AND EXAMINATIONS · Art. D. EXAMINATION EXPENSES

(a)The department shall impose additional assessments against insurers on a pro rata basis as necessary to:

(1)cover all expenses and disbursements required by law; and

(2)comply with this subchapter and Sections 401.103, 401.104, 401.105, and 401.106.

(b)The department shall use any surplus resulting from an assessment under this section to reduce the amount of subsequent assessments.

Legislative history

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.