Tex. Ins. Code § 4151.108 · Subchapter C. POWERS AND DUTIES OF ADMINISTRATORS AND INSURERS
WITHDRAWALS FROM FIDUCIARY ACCOUNT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A withdrawal from a fiduciary bank account established under Section 4151.107 may be made only as provided in the written agreement for any of the following purposes:
(1) delivery to an insurer, plan, or plan sponsor entitled to payment;
(2) deposit in an account controlled and maintained in the name of the insurer, plan, or plan sponsor;
(3) transfer to and deposit in a claims payment account for payment of a claim as provided by Section 4151.111;
(4) payment to a group policyholder for delivery to the insurer entitled to payment;
(5) payment to the administrator of the administrator's commission, fees, or charges;
(6) delivery of a return premium to any person entitled to payment; or
(7) payment of a premium for stop-loss or excess loss insurance.
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 57d6fdd75a91296983cad43356b04d51bc6c317f738b110b5cc65863cebbcbfe
- 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
This section cites
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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.