Texas Statutes
§ 4053.101 — GENERAL POWERS AND DUTIES.
Texas § 4053.101
JurisdictionTexas
Code INInsurance Code
This text of Texas § 4053.101 (GENERAL POWERS AND DUTIES.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Insurance Code Code Ann. § 4053.101 (2026).
Text
Sec. 4053.101. GENERAL POWERS AND DUTIES. A managing general agent acting for an insurer may:
(1)receive and pass on daily reports and monthly accounts;
(2)receive and be responsible for agency balances;
(3)handle the adjustment of losses; or
(4)appoint or direct general property and casualty agents and personal lines property and casualty agents in this state.
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Related
Galindo v. Old American County Mutual Fire Insurance Company
(W.D. Texas, 2020)
Legislative History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 548 (S.B. 1263 ), Sec. 2.26, eff. September 1, 2007.
Nearby Sections
15
§ 4053.001
DEFINITIONS.§ 4053.002
EXCEPTION.§ 4053.003
INAPPLICABILITY OF CHAPTER.§ 4053.004
REGULATION OF MANAGING GENERAL AGENTS.§ 4053.005
RULES.§ 4053.051
LICENSE REQUIRED; EXEMPTIONS.§ 4053.053
SINGLE LICENSE REQUIRED.§ 4053.054
NOTICE AND APPROVAL OF APPOINTMENT.§ 4053.055
LAPSE OF LICENSE.§ 4053.101
GENERAL POWERS AND DUTIES.§ 4053.102
CONTRACTS.§ 4053.103
ACCOUNT REPORT.§ 4053.104
SEPARATE RECORDS.§ 4053.105
ESCROW ACCOUNT.§ 4053.106
FIDUCIARY CAPACITY.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 4053.101, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/4053.101.