Texas Insurance Code

§ 701.005 — GIFTS, GRANTS, AND DONATIONS

IN § 701.005Title 5. PROTECTION OF CONSUMER INTERESTS · Part F. INSURANCE FRAUD AND IDENTITY THEFT · Ch. 701. INSURANCE FRAUD INVESTIGATIONS · Art. A. GENERAL PROVISIONS

Statute text

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(a)The insurance fraud unit may accept gifts, grants, and donations to enable the fraud unit to perform its duties under this chapter.

(b)The insurance fraud unit may not accept gifts, grants, or donations from a regulated entity.

(c)All gifts, grants, or donations to the insurance fraud unit shall be:

(1)deposited to the credit of the department's operating account; and

(2)distributed to the insurance fraud unit to be used to perform its duties under this chapter.

Legislative history

Added by Acts 2015, 84th Leg., R.S., Ch. 245 (S.B. 783), Sec. 1, eff. September 1, 2015.