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Texas Insurance Code - INS § 911.057. Collection and Refund of Money From Certain Individuals Applying for Insurance

Current as of January 01, 2024 | Updated by Findlaw Staff

An association described by Section 911.053(b)(1) of which the applicants for a permit to solicit insurance are members shall hold in trust money collected from an individual applying for insurance in the association until the association is incorporated.  If the association's incorporation is not perfected, the association shall refund the money to the individual applying for the insurance.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 911.057. Collection and Refund of Money From Certain Individuals Applying for Insurance - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-911-057/

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