Texas Insurance Code 401.105 – Oath of Examiners and Assistants
Terms Used In Texas Insurance Code 401.105
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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
Before entering into the duties of appointment as an examiner or assistant examiner, an individual must take and file in the office of the secretary of state an oath to:
(1) support the constitution of this state;
(2) faithfully conduct the individual’s duties of office;
(3) make fair and impartial examinations;
(4) not accept, directly or indirectly, as a gift or emolument any pay for the discharge of the individual’s duty, other than the compensation to which the individual is entitled by law; and
(5) not reveal the condition of a corporation, firm, or person or any information secured while examining a corporation, firm, or person to anyone other than:
(A) the department or an authorized representative of the department; or
(B) as required when testifying in an administrative hearing under this code or another insurance law of this state or in court.