Exams / Texas Life Insurance License / Tex. Ins. Code §443.017
Tex. Ins. Code §443.017 — what it says, and how the exam tests it
This section is cited by 2 of our practice questions and is tested on 2 exams including the Texas Life Insurance License.
The text
Sec. 443.017. RECORDS. (a) Upon entry of an order of rehabilitation or liquidation, the receiver is vested with title to all of the books, documents, papers, policy information, and claim files, and all other records of the insurer, of whatever nature, in whatever medium, and wherever located, regardless of whether the records are in the custody and control of a third-party administrator, managing general agent, attorney, or other representative of the insurer. The receiver may immediately take possession and control of all of the records of the insurer, and of the premises where the records are located. A third-party administrator, managing general agent, attorney, or other representative of the insurer shall release all records described by this subsection to the receiver, or the receiver's designee, at the request of the receiver. A guaranty association that has or may have obligations under a policy issued by the insurer has the right, with the receiver's approval, to take actions as are necessary to obtain directly from any third-party administrator, managing general agent, attorney, or other representative of the insurer all records described by this section that pertain to the insurer's business and that are appropriate or necessary for the guaranty association to fulfill the association's statutory obligations. (b) The receiver has the authority to certify the records of a delinquent insurer described by Subsection (a) and the records of the receiver's office created and maintained in connection with a delinquent insurer, as follows: (1) records of a delinquent insurer may be certified by the receiver in an affidavit stating that the records: (A) are true and correct copies of records of the insurer; and (B) were received from the custody of the insurer or found among its effects; and (2) records created by or filed with the receiver's office in connection with a delinquent insurer may be certified by the receiver's affidavit stating that the records are true and correct copies of records maintained by the receiver's office. (c) Original books, documents, papers, and other records, or copies of original records certified under Subsection (b), when admitted in evidence, are prima facie evidence of the facts disclosed. (d) The records of a delinquent insurer held by the receiver may not be considered records of the department for any purposes, and…
Public record. Read the full, current section at the official source: tcss.legis.texas.gov
How it comes up on the exam
Practice questions written from this section — answers and explanations are in the drill.
- Under Tex. Ins. Code §443.017, upon entry of an order of rehabilitation or liquidation, original records or certified copies of records of the delinquent insurer, when admitted in evidence, serve as which of the following?
drill Texas Statutes and Rules Common to Life and Health Insurance → - Under Tex. Ins. Code §443.017, upon entry of an order of rehabilitation or liquidation, the receiver is vested with title to all books, documents, papers, policy information, and claim files of the insurer. Which of the following correctly describes the evidentiary effect of certified copies of those records?
drill Texas Statutes and Rules Common to Life and Health Insurance →