Texas Insurance Code 401.014 – Registration of Accountant
(a) Not later than December 31 of the calendar year to be covered by an audited financial report required by this subchapter, an insurer or health maintenance organization must register in writing with the commissioner the name and address of the accountant retained to prepare the report.
(b) The insurer or health maintenance organization must include with the registration a statement signed by the accountant:
(1) indicating that the accountant is aware of the requirements of this subchapter and of the rules of the insurance department of the insurer’s or health maintenance organization’s state of domicile that relate to accounting and financial matters; and
(2) affirming that the accountant will express the accountant’s opinion on the financial statements in terms of the statements’ conformity to the statutory accounting practices prescribed or otherwise permitted by the insurance department described by Subdivision (1) and specifying any exceptions the accountant believes are appropriate.
Terms Used In Texas Insurance Code 401.014
- in writing: includes any representation of words, letters, or figures, whether by writing, printing, or other means. See Texas Government Code 312.011
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005
- Year: means 12 consecutive months. See Texas Government Code 311.005
(c) The commissioner may not accept an audited financial report prepared by an accountant who is not registered under this section.
(d) The commissioner may not accept the registration of a person who does not qualify under Section 401.011 or does not comply with the other requirements of this subchapter.