Sec. 4053.103. ACCOUNT REPORT. (a) At least once each calendar quarter, a managing general agent shall submit an account report to each insurer with whom the agent has a contract.
(b) The account report must include, as applicable, a statement of:
(1) written, earned, and unearned premiums;
(2) losses and loss expenses paid and outstanding;
(3) losses incurred but not reported; and
(4) management fees.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
Section: Previous 4053.051 4053.052 4053.053 4053.054 4053.055 4053.101 4053.102 4053.103 4053.104 4053.105 4053.106 4053.107 4053.108 4053.109 4053.110 NextLast modified: September 28, 2016