Texas Insurance Code 4151.113 – Access to Books and Records
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(a) For the purpose of examination, audit, and inspection, the administrator shall provide to the commissioner and the commissioner’s designee access to the books and records maintained as required by Section 4151.112.
(b) A trade secret, including the identity and address of a policyholder, certificate holder, or injured employee, is confidential, except the commissioner may use that information in a proceeding against the administrator.
Terms Used In Texas Insurance Code 4151.113
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
(c) An insurer, plan, or plan sponsor is entitled to continuing access to the books and records sufficient to permit the insurer, plan, or plan sponsor to fulfill a contractual obligation to an insured or plan participant. The right provided by this subsection is subject to any restriction included in the written agreement relating to the parties’ proprietary rights to the books and records.