Tex. Ins. Code Section 542.007
Comparison of Certain Insurers to Minimum Standard of Performance; Investigation

(a)

The department shall compile the information received from an insurer under Section 542.006 (Periodic Reporting Requirement) in a manner that enables the department to compare the insurer’s performance to a minimum standard of performance adopted by the commissioner.

(b)

If the department determines that the insurer does not meet the minimum standard of performance, the department shall investigate the insurer to determine the reason, if any, that the insurer does not meet the minimum standard.

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.

Source: Section 542.007 — Comparison of Certain Insurers to Minimum Standard of Performance; Investigation, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.542.htm#542.007 (accessed Jun. 5, 2024).

542.001
Short Title 542.002
Applicability of Subchapter 542.003
Unfair Claim Settlement Practices Prohibited 542.004
Examination of Tax Returns Prohibited 542.005
Record of Complaints 542.006
Periodic Reporting Requirement 542.007
Comparison of Certain Insurers to Minimum Standard of Performance 542.008
Complaints Against Insurers 542.009
Review of Investigation Results 542.010
Cease and Desist Order 542.011
Time Limit to Appeal 542.012
Attorney’s Fees 542.013
Personnel 542.014
Rules 542.051
Definitions 542.052
Applicability of Subchapter 542.053
Exception 542.054
Liberal Construction 542.055
Receipt of Notice of Claim 542.056
Notice of Acceptance or Rejection of Claim 542.057
Payment of Claim 542.058
Delay in Payment of Claim 542.059
Extension of Deadlines 542.060
Liability for Violation of Subchapter 542.061
Remedies Not Exclusive 542.101
Request by Named Insured Under Liability Insurance Policy 542.102
Request by Policyholder Under Property and Casualty Insurance Policy 542.103
Deadline for Providing Requested Information 542.104
Rules 542.131
Request by Certain Officials Engaged in Criminal Investigation 542.151
Applicability of Subchapter 542.152
Exception 542.153
Notice Required 542.154
Rules 542.201
Purpose 542.202
Definition 542.203
Applicability of Subchapter 542.204
Action to Recover Deductible 542.205
Enforcement 542.251
Purposes 542.252
Applicability of Subchapter 542.253
Rules 542.301
Applicability of Subchapter 542.302
Recovery in Suit or Other Action

Accessed:
Jun. 5, 2024

§ 542.007’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._ins._code_section_542.007

Original Source: Section 542.007 — Comparison of Certain Insurers to Minimum Standard of Performance; Investigation, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.542.htm#542.007 (last accessed Jun. 5, 2024).