Insurance Code § 911.304

Sec. 911.304. ANNUAL REPORTS REQUIRED. (a) A farm mutual insurance company shall annually prepare a written report as required by this section and submit the report to the company's policyholders. (b) The annual report must show: (1) the total amount of premiums paid during the year for the policyholders' insurance; (2) the company's operating expenses; and (3) the total amount of claims paid and the amount paid for each covered peril. (c) Repealed by Acts 2007, 80th Leg., R.S., Ch. 47, Sec. 2, eff. May 8, 2007. (d) The company shall make available to each policyholder a copy of the annual report at the time and in the manner prescribed by the company's bylaws. (e) A farm mutual insurance company shall make annual reports to the department as required by the commissioner or by law. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by: Acts 2007, 80th Leg., R.S., Ch. 47 (S.B. 849), Sec. 1, eff. May 8, 2007. Acts 2007, 80th Leg., R.S., Ch. 47 (S.B. 849), Sec. 2, eff. May 8, 2007.