Texas Insurance Code 1601.062 – Reports and Records by Administering Carrier
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Terms Used In Texas Insurance Code 1601.062
- Contract: A legal written agreement that becomes binding when signed.
Each contract entered into under this chapter between a system and an administering carrier must:
(1) require the administering carrier to provide reasonable reports that the system determines are necessary for the system to perform its functions under this chapter; and
(2) permit the system and representatives of the state auditor to examine records of the administering carrier as necessary to accomplish the purposes of this chapter.