Texas Insurance Code

§ 201.004 — ELECTRONIC TRANSFERS

IN § 201.004Title 3. DEPARTMENT FUNDS, FEES, SURCHARGES, AND TAXES · Part A. GENERAL PROVISIONS · Ch. 201. COLLECTION OF REVENUE AND ADMINISTRATION OF FUNDS · Art. A. GENERAL PROVISIONS

Statute text

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(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.

Legislative history

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.