Tex. Insurance Code § 423.052
This is the official text of Tex. Insurance Code § 423.052, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 423.052. MONEY HELD IN POOLING ACCOUNT.
Official statutory text
(a) Only a domestic insurer and an affiliate, as described by Section 823.003, may hold money in a pooling account.
(b) The accounting and operating records and books of the insurer and affiliate must be adequately detailed to identify specific insurance policies and policyholders with the money from premiums received by the insurer that issues the policies.
(b) The accounting and operating records and books of the insurer and affiliate must be adequately detailed to identify specific insurance policies and policyholders with the money from premiums received by the insurer that issues the policies.
Status: in_force · Read it on the official government site
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