Tex. Ins. Code Section 4053.106
Fiduciary Capacity


A managing general agent holds money on behalf of an insured or insurer in a fiduciary capacity and shall properly account for that money as required by law, department rules, and a contract with an insurer. The department’s examiners may audit money held in a fiduciary capacity.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.

Source: Section 4053.106 — Fiduciary Capacity, (accessed Feb. 26, 2025).

Accessed:
Feb. 26, 2025

§ 4053.106’s source at