1. (a) Every TPA must ensure that the commissioner is informed, on TPA Form 2A, within 20 days, of any change in ownership, officers, directors, partners, sole proprietors, or any other significant change that might have an impact on the TPA's operations or certificate of authority. The Texas Department of Insurance will designate the manner in which the TPA will inform the commissioner of any of the changes specified in this subsection that will have an impact on the TPA's operations or certificate of authority.
2. (b) Every TPA shall, on or before March 1 of each calendar year, prepare and submit to the commissioner a sworn report on a completed TPA Form 2A, concerning the TPA's organization, operations, and status for the preceding calendar year.

3. (c) An administrator shall notify and deliver a copy of any order or judgment to the commissioner within 30 days of the occurrence in another state of any one or more of the actions set forth in paragraphs (1)-(4) of this subsection:

   1. (1) suspension or revocation of the administrator's right to do business;
   2. (2) receipt of an order to show cause why its license should not be suspended or revoked;
   3. (3) imposition of any penalty, forfeiture, or sanction on it for any violation of the insurance laws of such other state; or
   4. (4) any of the actions in paragraphs (1)-(3) of this subsection with respect to any of an administrator's partners, directors, officers, or persons who own more than 10% of the voting interest of an administrator.

Source Note:The provisions of this §7.1612 adopted to be effective September 14, 1994, 19 TexReg 6855.