Texas § 4152.204 MANAGEMENT OF MONEY.

Texas Statutes

§ 4152.204 — MANAGEMENT OF MONEY.

Texas § 4152.204

Code INInsurance Code

This text of Texas § 4152.204 (MANAGEMENT OF MONEY.) 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. § 4152.204 (2026).

Text

Sec. 4152.204. MANAGEMENT OF MONEY.

(a)A manager shall pay an insurer at least monthly all money due the insurer under a contract entered into under Section 4152.201 .

(b)The manager must hold all money collected for the insurer's account in a fiduciary capacity in a bank that is a qualified United States financial institution. The manager may not retain more than three months of estimated claims payments and allocated loss adjustment expenses.

(c)If premiums or contributions are collected on behalf of or for more than one insurer, the manager shall:

(1)keep a separate account for each insurer;

(2)maintain a copy of the records for each account; and

(3)provide to each insurer on request a copy of the records relating to deposits and withdrawals on behalf of or for that insurer.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 4152.204. MANAGEMENT OF MONEY. (a) A manager shall pay an insurer at least monthly all money due the insurer under a contract entered into under Section 4152.201 .
(b) The manager must hold all money collected for the insurer's account in a fiduciary capacity in a bank that is a qualified United States financial institution. The manager may not retain more than three months of estimated claims payments and allocated loss adjustment expenses.
(c) If premiums or contributions are collected on behalf of or for more than one insurer, the manager shall:
(1) keep a separate account for each insurer;
(2) maintain a copy of the records for each account; and
(3) provide to each insurer on request a copy of the records relating to deposits and withdrawals on behalf of or for that insurer.