Texas Insurance Code 823.306 – Use of Unaudited Information
Current as of: 2024 | Check for updates
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If an affiliate is valued using the basis provided by § 823.302(2)(A) and the books of the affiliate are not audited at the time the valuation is included in the insurer’s annual statement, the insurer, as soon as possible after an audit of those books, shall report and explain any difference between the value of the affiliate reported in the insurer’s annual statement and the value determined by the audit.