Texas § 201.004 ELECTRONIC TRANSFERS.

Texas Statutes

§ 201.004 — ELECTRONIC TRANSFERS.

Texas § 201.004

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 201.004 (2026).

Text

Sec. 201.004. ELECTRONIC TRANSFERS.

(a)The commissioner shall adopt rules for the electronic transfer of any fee, guarantee fund, or other money owed to or held for the benefit of this state that the department has the responsibility to administer under this code or another insurance law of this state.

(b)The commissioner shall require the electronic transfer of any amount held or owed that exceeds $500,000.

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Sec. 201.004. ELECTRONIC TRANSFERS. (a) The commissioner shall adopt rules for the electronic transfer of any fee, guarantee fund, or other money owed to or held for the benefit of this state that the department has the responsibility to administer under this code or another insurance law of this state.
(b) The commissioner shall require the electronic transfer of any amount held or owed that exceeds $500,000.