{"data":{"id":"us-tx/tex.-insurance-code-4053.101","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 4053.101","heading":"GENERAL POWERS AND DUTIES.","body":"A managing general agent acting for an insurer may:\n(1) receive and pass on daily reports and monthly accounts;\n(2) receive and be responsible for agency balances;\n(3) handle the adjustment of losses; or\n(4) appoint or direct general property and casualty agents and personal lines property and casualty agents in this state.\nAdded by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.\nAmended by:\nActs 2007, 80th Leg., R.S., Ch. 548 (S.B. 1263), Sec. 2.26, eff. September 1, 2007.","path":["INSURANCE CODE","TITLE 13. REGULATION OF PROFESSIONALS","SUBTITLE B. AGENTS","CHAPTER 4053. MANAGING GENERAL AGENTS","SUBCHAPTER C. POWERS AND DUTIES OF MANAGING GENERAL AGENTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.4053.htm#4053.101","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"086ed179b99cdb07b7b405e31382a617002ff06015e5667a4348c0861b3dd8f5","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-4053.055","next":"us-tx/tex.-insurance-code-4053.102"},"notice":"GroundRules: Original legal text. Not legal advice."}