Texas Insurance Code 423.052 – Money Held in Pooling Account
Current as of: 2024 | Check for updates
|
Other versions
(a) Only a domestic insurer and an affiliate, as described by Section 823.003, 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.