Tex. Ins. Code Section 423.052
Money Held in Pooling Account

(a)

Only a domestic insurer and an affiliate, as described by Section 823.003 (Classification as Affiliate or Subsidiary), 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.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.

Source: Section 423.052 — Money Held in Pooling Account, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­423.­htm#423.­052 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 423.052’s source at texas​.gov