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A BILL TO BE ENTITLED
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AN ACT
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relating to availability of audited financial reports of insurance |
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companies on the Texas Department of Insurance website. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter A, Chapter 401, Insurance Code, is |
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amended by adding Section 401.0041 to read as follows: |
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Sec. 401.0041. INTERNET ACCESS TO AUDITED FINANCIAL |
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REPORTS. (a) The department shall post on the department's |
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Internet website each audited financial report filed under Section |
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401.004. |
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(b) The reports submitted under Subsection (a) must remain |
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on the department's Internet website until at least the third |
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anniversary of the date the report is submitted. |
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SECTION 2. Section 401.0041, Insurance Code, as added by |
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this Act, applies only to audited financial reports filed on or |
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after the effective date of this Act. |
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SECTION 3. This Act takes effect September 1, 2017. |