Sec. 201.004. ELECTRONIC TRANSFERS. (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.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
Structure Texas Statutes
Title 3 - Department Funds, Fees, and Taxes
Subtitle A - General Provisions
Chapter 201 - Collection of Revenue and Administration of Funds
Subchapter A. General Provisions
Section 201.001. Texas Department of Insurance Operating Account
Section 201.002. Accounting Procedure