Section 2207.257 - Annual Audit; Report(a) Each year as provided by the plan of operation, the board shall have an actuary audit the capital, surplus, and reserves of the pool and prepare a formal report for the pool and the members of the pool.(b) The actuary must be a member of the American Academy of Actuaries.Tex. Ins. Code § 2207.257
Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. 4/1/2007.