Texas Insurance Code - INS § 4053.105. Escrow Account

(a) A managing general agent shall maintain an escrow account in a bank that:

(b) On receipt, the managing general agent shall deposit in the escrow account all money collected for each insurer with which the agent has a contract.

(c) Except as provided by the contract required by Section 4053.102, a managing general agent may not use, take as an offset, or convert money that is or should have been deposited in the escrow account.