Tex. Insurance Code § 201.004
This is the official text of Tex. Insurance Code § 201.004, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 201.004. ELECTRONIC TRANSFERS.
Official statutory text
(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.
(b) The commissioner shall require the electronic transfer of any amount held or owed that exceeds $500,000.
Status: in_force · Read it on the official government site
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