{"data":{"id":"us-tx/tex.-insurance-code-4151.107","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 4151.107","heading":"DELIVERY OR DEPOSIT OF CERTAIN FUNDS RECEIVED BY ADMINISTRATOR.","body":"(a) On receiving a premium, contribution, or return premium, an administrator shall:\n(1) timely deliver the funds to the person entitled to the funds according to terms of the written agreement; or\n(2) promptly deposit the funds in a fiduciary bank account established and maintained by the administrator.\n(b) If premiums or contributions deposited in a fiduciary bank account were collected on behalf of more than one insurer, plan, or plan sponsor, the administrator shall:\n(1) maintain records that clearly record separately the deposits to and withdrawals from the account on behalf of each insurer, plan, or plan sponsor; and\n(2) on request of an insurer, plan, or plan sponsor, provide to the insurer, plan, or plan sponsor a copy of the records relating to deposits and withdrawals on behalf of that insurer or plan.\n(c) The requirements of Subsection (b):\n(1) are in addition to requirements of any other federal or state law; and\n(2) do not authorize the commingling of funds if otherwise prohibited by law.\nAdded by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.","path":["INSURANCE CODE","TITLE 13. REGULATION OF PROFESSIONALS","SUBTITLE D. OTHER PROFESSIONALS","CHAPTER 4151. THIRD-PARTY ADMINISTRATORS","SUBCHAPTER C. POWERS AND DUTIES OF ADMINISTRATORS AND INSURERS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.4151.htm#4151.107","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"d931fa00b1dd4ef41699cbf1a516a96a5da5070f0910cb7b529521437616e2b2","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-4151.106","next":"us-tx/tex.-insurance-code-4151.108"},"notice":"GroundRules: Original legal text. Not legal advice."}