# Tex. Insurance Code § 401.007: EXEMPTION FOR CERTAIN FOREIGN OR ALIEN INSURERS OR HEALTH MAINTENANCE ORGANIZATIONS

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.007

## Section

- **Citation:** Tex. Insurance Code § 401.007
- **Heading:** EXEMPTION FOR CERTAIN FOREIGN OR ALIEN INSURERS OR 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 401.007

## Text

(a) A foreign or alien insurer or health maintenance organization that files an audited financial report in another state in accordance with that state's requirements for audited financial reports may be exempt from filing a report under this subchapter if the commissioner finds that the other state's requirements are substantially similar to the requirements prescribed by this subchapter.

(b) An insurer or health maintenance organization exempt under this section shall file with the commissioner a copy of:

(1) the audited financial report, the report on significant deficiencies in internal controls, and the accountant's letter of qualifications filed with the other state; and

(2) any notification of adverse financial conditions report filed with the other state.

(c) The reports and letter required by Subsection (b)(1) must be filed in accordance with the filing dates prescribed by Sections 401.004 and 401.019. The report required by Subsection (b)(2) must be filed in accordance with the filing date prescribed by Section 401.017.

## 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_S401.007. Check the current official text before relying on it. Not legal advice.