Tex. Ins. Code § 841.251 · Subchapter F. GENERAL POWERS, DUTIES, AND LIMITATIONS
EVIDENCE OF EXPENDITURES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A domestic insurance company may not make an expenditure of $100 or more unless the expenditure is evidenced by a voucher that:
(1) is signed by or on behalf of the individual, firm, or corporation that receives the money; and
(2) describes the consideration received for the payment correctly.
(b) For an expenditure for both services and disbursements, the voucher must state the services rendered and disbursement made.
(c) For an expenditure related to a matter pending before a legislature or public body or a department or officer of a state or government, the voucher must describe both the nature of the matter and the interest of the company in the matter correctly.
(d) If the domestic insurance company cannot obtain a voucher as required by this section, the expenditure must be evidenced by:
(1) a paid check; or
(2) an affidavit that:
(A) describes the nature and purpose of the expenditure; and
(B) states the reason the voucher was not obtained.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.841.htm
- Text hash
- sha256 b114b2864dc5ad8aef5e8f49ca398549d61e5d0423831c3d737facf6731c50e1
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 841.251. Each shows the citation as that text prints it.
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.