| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 85R10680 PMO-D | |
| 2 | 2 | By: Davis of Dallas H.B. No. 2149 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to availability of audited financial reports of insurance | |
| 8 | 8 | companies on the Texas Department of Insurance website. | |
| 9 | 9 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 10 | 10 | SECTION 1. Subchapter A, Chapter 401, Insurance Code, is | |
| 11 | 11 | amended by adding Section 401.0041 to read as follows: | |
| 12 | 12 | Sec. 401.0041. INTERNET ACCESS TO AUDITED FINANCIAL | |
| 13 | 13 | REPORTS. (a) The department shall post on the department's | |
| 14 | 14 | Internet website each audited financial report filed under Section | |
| 15 | 15 | 401.004. | |
| 16 | 16 | (b) The reports submitted under Subsection (a) must remain | |
| 17 | 17 | on the department's Internet website until at least the third | |
| 18 | 18 | anniversary of the date the report is submitted. | |
| 19 | 19 | SECTION 2. Section 401.0041, Insurance Code, as added by | |
| 20 | 20 | this Act, applies only to audited financial reports filed on or | |
| 21 | 21 | after the effective date of this Act. | |
| 22 | 22 | SECTION 3. This Act takes effect September 1, 2017. |