Tex. Ins. Code Section 4053.106
Fiduciary Capacity

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.

Source: Section 4053.106 — Fiduciary Capacity, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­4053.­htm#4053.­106 (accessed May 18, 2024).

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Accessed:
May 18, 2024

§ 4053.106’s source at texas​.gov