Sec. 462.108. DEPOSIT OF MONEY. The board may deposit the money the association collects into the Texas Treasury Safekeeping Trust Company in accordance with procedures established by the comptroller. The comptroller shall account to the association for the deposited money separately from all other money.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Structure Texas Statutes
Title 4 - Regulation of Solvency
Subtitle D - Guaranty Associations
Chapter 462 - Texas Property and Casualty Insurance Guaranty Association
Subchapter C. General Powers and Duties of Association
Section 462.101. General Powers and Duties
Section 462.102. Association Not in Place of Impaired Insurer
Section 462.103. Plan of Operation
Section 462.104. Notice to Insureds
Section 462.106. Administrative Expenses
Section 462.107. Examination of Association
Section 462.108. Deposit of Money
Section 462.109. Delegation of Powers and Duties
Section 462.110. Exemption From Certain Fees and Taxes
Section 462.112. Board Access to Records of Impaired Insurer
Section 462.1121. Action to Obtain Information Concerning Insurer in Receivership Authorized