Tex. Insurance Code § 942.201
This is the official text of Tex. Insurance Code § 942.201, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 942.201. ANNUAL REPORT.
Official statutory text
(a) Not later than March 1 of each year, the attorney in fact for an exchange shall submit to the commissioner a report covering the previous year ending December 31.
(b) The report must:
(1) demonstrate that the financial condition of affairs at the exchange is in accordance with the financial requirements of this chapter under Section 942.155; and
(2) provide any additional information and reports as required to show:
(A) the total amount of premiums or deposits collected;
(B) the total amount of losses paid;
(C) the total amounts returned to subscribers; and
(D) the amounts retained for expenses.
(c) The attorney in fact is not required to provide in the report the name and address of any subscriber.
(b) The report must:
(1) demonstrate that the financial condition of affairs at the exchange is in accordance with the financial requirements of this chapter under Section 942.155; and
(2) provide any additional information and reports as required to show:
(A) the total amount of premiums or deposits collected;
(B) the total amount of losses paid;
(C) the total amounts returned to subscribers; and
(D) the amounts retained for expenses.
(c) The attorney in fact is not required to provide in the report the name and address of any subscriber.
Status: in_force · Read it on the official government site
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