Tex. Ins. Code § 444.002 · Chapter 444. AGENCY CONTRACTS WITH CERTAIN INSURERS
DISPOSITION OF PREMIUMS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) On or after the cancellation date of insurance policies as stated in the court's order canceling the policies, the agent shall promptly account to the receiver for:
(1) all unearned premiums to be returned to the insured or the replacement coverage to be obtained for the insured; and
(2) the earned premiums to be paid to the receiver.
(b) The agent shall:
(1) promptly return to an insured who paid the premiums any unearned premiums in the possession of the agent on the cancellation date of the policy; or
(2) with the approval of the insured, use the unearned premiums to purchase new coverage for the insured with a different insurer.
(c) The agent shall promptly remit to the receiver any earned premiums in the possession of the agent.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Redesignated from Insurance Code, Section 442.802 by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 3B.004(a)(2), eff. September 1, 2007.
Redesignated from Insurance Code, Section 442.802 by Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 9.004(a)(2), eff. September 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.444.htm
- Text hash
- sha256 f917211a5ef658aa8055bc39e20be0cff996fcd4baed2661d5d42e9a962c1040
- 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.