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Table of Contents An Report on the Statutory Audit of Liquidation Oversight and the Texas Insurance Guaranty Associations December 1996 Key Points of Report Executive Summary ...................................... 1
Section 1: THE TEXAS PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION The Property Association Can Improve a Noncompetitive Purchasing Process, Reduce Investment Risk, and Enhance Public Accountability ........................ The Association's Procurement Process Is Not Effective as a C om petitive Procedure ..................................... The Property Association Should Improve Both its Investment Practices and Investment Policy to Lower Risk and Expenses ......
Overall Evaluation of the Property Association's Performance by Interested Parties Is Difficult Without Meaningful Performance Measures ........................................... Section 2: TEXAS DEPARTMENT OF INSURANCE The Department Has Responded Well to its Role in Managing Liquidation Oversight, with Additional Improvements to Monitoring of Special Deputy Receivers Still Possible. ......................... The Department Adjusted to Declining Texas Insurance Insolvencies by Moving Liquidation Oversight to the F inancial P rogram . ................................... . The Department Has Implemented Prior Year Recommendations to Improve the Liquidation Oversight Process ...............
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Liquidation Oversight Can Further Improve SDR Monitoring by Auditing Contract Compliance Reports Prepared and Submitted by Special Deputy Receivers ....................................
Texas. Office of the State Auditor.A Report on the Statutory Audit of Liquidation Oversight and the Texas Insurance Guarantee Association,
report,
December 1996;
Austin, Texas.
(https://texashistory.unt.edu/ark:/67531/metapth518436/m1/1/:
accessed July 4, 2024),
University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.;
crediting UNT Libraries Government Documents Department.
