Tex. Ins. Code § 4053.103 · Subchapter C. POWERS AND DUTIES OF MANAGING GENERAL AGENTS
ACCOUNT REPORT.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) At least once each calendar quarter, a managing general agent shall submit an account report to each insurer with whom the agent has a contract.
(b) The account report must include, as applicable, a statement of:
(1) written, earned, and unearned premiums;
(2) losses and loss expenses paid and outstanding;
(3) losses incurred but not reported; and
(4) management fees.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.4053.htm
- Text hash
- sha256 73a8394969672f175c8e212c7dbbeeec4c289c82be174d659a1e31d061f00a3f
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.