Texas § IN.981.223 - MANAGING UNDERWRITERS
Full text of Texas The Texas Constitution § IN.981.223 — MANAGING UNDERWRITERS, with citation guidance and answers to common questions.
§ IN.981.223. MANAGING UNDERWRITERS
MANAGING UNDERWRITERS. (a) A managing underwriter with whom an insurance policy is placed in the manner described by Section 225.006 (b) shall maintain appropriate records and make the records available for inspection by the department and the comptroller, including records of: (1) the name and address of the insured; (2) the policy number and policy period; (3) the name of the eligible surplus lines insurer; (4) the gross premium charged for the insurance; (5) the name of the surplus lines agent who placed the policy with the managing underwriter; (6) the license number of the surplus lines agent who placed the policy with the managing underwriter; and (7) an agreement, if any, under Section 225.006 (c) that applies to the policy. (b) A managing underwriter who acts as a surplus lines agent for a policy issued by an eligible surplus lines insurer shall maintain appropriate records and make the records available for inspection by the department and the comptroller, including the information listed in Subdivisions (a)(1) through (6). The records must reflect the name and license number of the managing underwriter as the surplus lines agent placing the policy. (c) A managing underwriter may hold both a surplus lines agent license and a managing general agent license. Added by Acts 2011, 82nd Leg., R.S., Ch. 837 (H.B. 3410 ), Sec. 3, eff. January 1, 2012. Amended by: Acts 2013, 83rd Leg., R.S., Ch. 920 (H.B. 1405 ), Sec. 5, eff. January 1, 2014.
Frequently Asked Questions About Texas § IN.981.223
What does The Texas Constitution § IN.981.223 cover?
Section IN.981.223 ("MANAGING UNDERWRITERS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.981.223?
A common citation format is "The Texas Constitution § IN.981.223" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.981.223 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.