Texas § IN.4152.204 - MANAGEMENT OF MONEY
Full text of Texas The Texas Constitution § IN.4152.204 — MANAGEMENT OF MONEY, with citation guidance and answers to common questions.
§ IN.4152.204. MANAGEMENT OF MONEY
MANAGEMENT OF MONEY. (a) A manager shall pay an insurer at least monthly all money due the insurer under a contract entered into under Section 4152.201 . (b) The manager must hold all money collected for the insurer's account in a fiduciary capacity in a bank that is a qualified United States financial institution. The manager may not retain more than three months of estimated claims payments and allocated loss adjustment expenses. (c) If premiums or contributions are collected on behalf of or for more than one insurer, the manager shall: (1) keep a separate account for each insurer; (2) maintain a copy of the records for each account; and (3) provide to each insurer on request a copy of the records relating to deposits and withdrawals on behalf of or for that insurer. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.4152.204
What does The Texas Constitution § IN.4152.204 cover?
Section IN.4152.204 ("MANAGEMENT OF MONEY") 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.4152.204?
A common citation format is "The Texas Constitution § IN.4152.204" (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.4152.204 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.