Texas Insurance Code 4053.101 – General Powers and Duties
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Terms Used In Texas Insurance Code 4053.101
- Property: means real and personal property. See Texas Government Code 311.005
A managing general agent acting for an insurer may:
(1) receive and pass on daily reports and monthly accounts;
(2) receive and be responsible for agency balances;
(3) handle the adjustment of losses; or
(4) appoint or direct general property and casualty agents and personal lines property and casualty agents in this state.