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Texas Insurance Code - Section 201.004. Electronic Transfers

Legal Research Home > Texas Lawyer > Insurance Code > Texas Insurance Code - Section 201.004. Electronic Transfers

§ 201.004. ELECTRONIC TRANSFERS.  (a) The commissioner 
shall adopt rules for the electronic transfer of any fee, guarantee 
fund, or other money owed to or held for the benefit of this state 
that the department has the responsibility to administer under this 
code or another insurance law of this state.
	(b)  The commissioner shall require the electronic transfer 
of any amount held or owed that exceeds $500,000.

Added by Acts 2003, 78th Leg., ch. 1274, § 1, eff. April 1, 2005.          

Last modified: August 10, 2007