Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Insurance Code § 4053.106: FIDUCIARY CAPACITY.

Where this section sits in the code

INSURANCE CODE
TITLE 13. REGULATION OF PROFESSIONALS
SUBTITLE B. AGENTS
CHAPTER 4053. MANAGING GENERAL AGENTS
SUBCHAPTER C. POWERS AND DUTIES OF MANAGING GENERAL AGENTS

A managing general agent holds money on behalf of an insured or insurer in a fiduciary capacity and shall properly account for that money as required by law, department rules, and a contract with an insurer. The department's examiners may audit money held in a fiduciary capacity.

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.

Collected 2026-08-27T01:47:21Z. Source file · JSON

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