Insurance Code § 4053.105
A managing general agent must keep an escrow account at a bank that is in the Federal Reserve System and has FDIC insurance, deposit collected money for each insurer into that account on receipt, and generally may not use or convert money that should have been deposited there.
- Jurisdiction
- United States — Texas
- Instrument
- Code
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- Undated source snapshot
- Language
- en
- Official source
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escrow accounts premium or money handling
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Insurance Code § 4053.105
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