Tex. Ins. Code § 964.105 · Subchapter C. CAPTIVE EXCHANGES
ATTORNEY IN FACT POWERS AND DUTIES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The attorney in fact of a captive exchange shall:
(1) supervise the finances of the captive exchange;
(2) supervise the captive exchange's operations to ensure the captive exchange's conformity with the captive exchange's subscriber declaration and power of attorney; and
(3) obtain, as necessary, an audit of the account and records of the attorney in fact at the expense of the captive exchange.
(b) The attorney in fact of a captive exchange has any additional powers and duties conferred by the captive exchange's subscriber declaration and power of attorney.
Notes and commentary — not statutory text
History
Added by Acts 2017, 85th Leg., R.S., Ch. 1050 (H.B. 1944), Sec. 2.01, eff. June 15, 2017.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.964.htm
- Text hash
- sha256 ec0d8601f3892866e1f8652351fa2f5a6d26eb2cd09e03a732da6ae8a7fa06ea
- 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.