# Tex. Insurance Code § 401.006: EXEMPTION FOR CERTAIN SMALL INSURERS AND HEALTH MAINTENANCE ORGANIZATIONS

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.006

## Section

- **Citation:** Tex. Insurance Code § 401.006
- **Heading:** EXEMPTION FOR CERTAIN SMALL INSURERS AND HEALTH MAINTENANCE ORGANIZATIONS
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code in / Chapter 401 / Section 401.006

## Text

(a) An insurer or health maintenance organization that has less than $1 million in direct premiums written in this state during a calendar year is exempt from the requirement to file an audited financial report if the insurer or health maintenance organization submits an affidavit, made under oath by one of the insurer's or health maintenance organization's officers, that specifies the amount of direct premiums written in this state during that period.

(b) Notwithstanding Subsection (a), the commissioner may require an insurer or health maintenance organization, other than a fraternal benefit society that does not have any direct premiums written in this state for accident and health insurance during a calendar year, to comply with this subchapter if the commissioner finds that the insurer's or health maintenance organization's compliance is necessary for the commissioner to fulfill the commissioner's statutory responsibilities.

(c) An insurer or health maintenance organization that has assumed premiums of at least $1 million under reinsurance agreements is not exempt under Subsection (a).

## Nearby sections

- [Tex. Insurance Code § 401.001 § 401.001. DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.001.md)
- [Tex. Insurance Code § 401.002 § 401.002. PURPOSE OF SUBCHAPTER.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.002.md)
- [Tex. Insurance Code § 401.003 § 401.003. EFFECT OF SUBCHAPTER ON AUTHORITY TO EXAMINE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.003.md)
- [Tex. Insurance Code § 401.004 § 401.004. FILING AND EXTENSIONS FOR FILING OF AUDITED FINANCIAL REPORT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.004.md)
- [Tex. Insurance Code § 401.005 § 401.005. ALTERNATIVE FILING FOR CANADIAN OR BRITISH INSURERS OR HEALTH MAINTENANCE ORGANIZATIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.005.md)
- [Tex. Insurance Code § 401.006 § 401.006. EXEMPTION FOR CERTAIN SMALL INSURERS AND HEALTH MAINTENANCE ORGANIZATIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.006.md)
- [Tex. Insurance Code § 401.007 § 401.007. EXEMPTION FOR CERTAIN FOREIGN OR ALIEN INSURERS OR HEALTH MAINTENANCE ORGANIZATIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.007.md)
- [Tex. Insurance Code § 401.008 § 401.008. HARDSHIP EXEMPTION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.008.md)
- [Tex. Insurance Code § 401.009 § 401.009. CONTENTS OF AUDITED FINANCIAL REPORT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.009.md)
- [Tex. Insurance Code § 401.010 § 401.010. REQUIREMENTS FOR FINANCIAL STATEMENTS IN AUDITED FINANCIAL REPORT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.010.md)
- [Tex. Insurance Code § 401.011 § 401.011. QUALIFICATIONS OF ACCOUNTANT; ACCEPTANCE OF AUDITED FINANCIAL REPORT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.011.md)
- [Tex. Insurance Code § 401.012 § 401.012. HEARING ON ACCOUNTANT QUALIFICATIONS; REPLACEMENT OF ACCOUNTANT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.012.md)
- [Tex. Insurance Code § 401.013 § 401.013. ACCOUNTANT'S LETTER OF QUALIFICATIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.013.md)
- [Tex. Insurance Code § 401.014 § 401.014. REGISTRATION OF ACCOUNTANT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.014.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.006. Check the current official text before relying on it. Not legal advice.