Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 13. REGULATION OF PROFESSIONALS |
Subtitle B. AGENTS |
Chapter 4053. MANAGING GENERAL AGENTS |
Subchapter C. POWERS AND DUTIES OF MANAGING GENERAL AGENTS |
Sec. 4053.104. SEPARATE RECORDS
Latest version.
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(a) For each insurer with which a managing general agent has a contract, the agent shall maintain separate records of the business handled by the agent for the insurer.
(b) The managing general agent shall make a record required under Subsection (a) available for inspection by:
(1) each insurer; and
(2) the department's examiners.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.