Tex. Ins. Code § 4053.106
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
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.
Tex. Ins. Code § 4053.106