{"data":{"id":"us-tx/tex.-insurance-code-4053.106","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 4053.106","heading":"FIDUCIARY CAPACITY.","body":"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.\nAdded by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.","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#4053.106","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"089da62e98a6264a4155a9a30dcfc42d57a7522559725f21046b34fcb50f3105","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-4053.105","next":"us-tx/tex.-insurance-code-4053.107"},"notice":"GroundRules: Original legal text. Not legal advice."}