Texas § 964.105 ATTORNEY IN FACT POWERS AND DUTIES.

Texas Statutes

§ 964.105 — ATTORNEY IN FACT POWERS AND DUTIES.

Texas § 964.105

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Bluebook

Tex. Insurance Code Code Ann. § 964.105 (2026).

Text

Sec. 964.105. ATTORNEY IN FACT POWERS AND DUTIES.

(a)The attorney in fact of a captive exchange shall:

(1)supervise the finances of the captive exchange;

(2)supervise the captive exchange's operations to ensure the captive exchange's conformity with the captive exchange's subscriber declaration and power of attorney; and

(3)obtain, as necessary, an audit of the account and records of the attorney in fact at the expense of the captive exchange.

(b)The attorney in fact of a captive exchange has any additional powers and duties conferred by the captive exchange's subscriber declaration and power of attorney.

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Sec. 964.105. ATTORNEY IN FACT POWERS AND DUTIES. (a) The attorney in fact of a captive exchange shall:
(1) supervise the finances of the captive exchange;
(2) supervise the captive exchange's operations to ensure the captive exchange's conformity with the captive exchange's subscriber declaration and power of attorney; and
(3) obtain, as necessary, an audit of the account and records of the attorney in fact at the expense of the captive exchange.
(b) The attorney in fact of a captive exchange has any additional powers and duties conferred by the captive exchange's subscriber declaration and power of attorney.