Tex. Insurance Code § 911.057
This is the official text of Tex. Insurance Code § 911.057, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 911.057. COLLECTION AND REFUND OF MONEY FROM CERTAIN INDIVIDUALS APPLYING FOR INSURANCE.
Official statutory text
An association described by Section 911.053(b)(1) of which the applicants for a permit to solicit insurance are members shall hold in trust money collected from an individual applying for insurance in the association until the association is incorporated. If the association's incorporation is not perfected, the association shall refund the money to the individual applying for the insurance.
Status: in_force · Read it on the official government site
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