Section 7.1610 - Financial Statements under the Education Code(a) This section applies only to an insurer or HMO that: (1) meets the requirements of § 7.1605 of this subchapter (relating to Notification Requirements); and(2) is subject to the requirements of the Education Code § 22.004(g).(b) An administrator meeting the requirements of subsection (a) of this section may comply with the requirement for an audited financial statement under the Education Code § 22.004(h) by providing a copy of the financial statement filed with the Department for the preceding calendar year that:(1) was prepared by an independent certified public accountant and;(2) was filed in compliance with the requirements of § 7.18 of this chapter (relating to the National Association of Insurance Commissioners Accounting Practices and Procedures Manual) and § 7.85 of this chapter (relating to Audited Financial Reports).28 Tex. Admin. Code § 7.1610
The provisions of this §7.1610 adopted to be effective June 25, 2009, 34 TexReg 4143