Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 5. PROTECTION OF CONSUMER INTERESTS |
Subtitle E. PREMIUM FINANCING |
Chapter 651. FINANCING OF INSURANCE PREMIUMS |
Subchapter C. REGULATION OF INSURANCE PREMIUM FINANCE COMPANIES AND OTHERS |
Sec. 651.101. BOOKS, ACCOUNTS, AND RECORDS
Latest version.
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(a) A license holder shall maintain books, accounts, and records in sufficient detail to enable a representative of the department to determine whether the license holder is in compliance with this chapter and rules adopted by the commissioner.
(b) A license holder shall maintain for inspection the license holder's books, accounts, and records, including any cards used in a card system, for at least four years after the date the final entry of any premium finance agreement is recorded in those books, accounts, and records.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.