Tex. Ins. Code § 4151.106 · Subchapter C. POWERS AND DUTIES OF ADMINISTRATORS AND INSURERS
CERTAIN FUNDS COLLECTED OR RECEIVED BY ADMINISTRATOR.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An administrator who collects funds must identify and state separately in writing the amount of any premium or contribution specified by the insurer, plan, or plan sponsor for the coverage and provide the information to any person who pays to the administrator a premium or contribution.
(b) An administrator holds in a fiduciary capacity:
(1) a premium or contribution the administrator collects on behalf of an insurer, plan, or plan sponsor; and
(2) a return premium the administrator receives from an insurer, plan, or plan sponsor.
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.4151.htm
- Text hash
- sha256 37a83615eb58e2cac5a7f1ad856ea9a88767afcd57478700a1bbdc6d1ccddc0c
- 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.