85R10680 PMO-D
By: Davis of Dallas H.B. No. 2149
A BILL TO BE ENTITLED
AN ACT
relating to availability of audited financial reports of insurance
companies on the Texas Department of Insurance website.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter A, Chapter 401, Insurance Code, is
amended by adding Section 401.0041 to read as follows:
Sec. 401.0041. INTERNET ACCESS TO AUDITED FINANCIAL
REPORTS. (a) The department shall post on the department's
Internet website each audited financial report filed under Section
401.004.
(b) The reports submitted under Subsection (a) must remain
on the department's Internet website until at least the third
anniversary of the date the report is submitted.
SECTION 2. Section 401.0041, Insurance Code, as added by
this Act, applies only to audited financial reports filed on or
after the effective date of this Act.
SECTION 3. This Act takes effect September 1, 2017.