Tex. Ins. Code § 423.052 · Subchapter B. TRANSACTIONS WITH MONEY
MONEY HELD IN POOLING ACCOUNT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Only a domestic insurer and an affiliate, as described by Section 823.003, may hold money in a pooling account.
(b) The accounting and operating records and books of the insurer and affiliate must be adequately detailed to identify specific insurance policies and policyholders with the money from premiums received by the insurer that issues the policies.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.423.htm
- Text hash
- sha256 85bf75dde97bc5396303f2346ca23ce0c3be2ef350b56b8aef42d22053864688
- 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.