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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The attorney in fact of a captive exchange shall:
(1) supervise the finances of the captive exchange;
(2) supervise the captive exchange's operations to ensure the captive exchange's conformity with the captive exchange's subscriber declaration and power of attorney; and
(3) obtain, as necessary, an audit of the account and records of the attorney in fact at the expense of the captive exchange.
(b) The attorney in fact of a captive exchange has any additional powers and duties conferred by the captive exchange's subscriber declaration and power of attorney.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 964.105. Attorney in Fact Powers and Duties - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-964-105/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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