Sec. 651.101. BOOKS, ACCOUNTS, AND RECORDS. (a) A license holder shall maintain books, accounts, and records in sufficient detail to enable a representative of the department to determine whether the license holder is in compliance with this chapter and rules adopted by the commissioner.
(b) A license holder shall maintain for inspection the license holder's books, accounts, and records, including any cards used in a card system, for at least four years after the date the final entry of any premium finance agreement is recorded in those books, accounts, and records.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Structure Texas Statutes
Title 5 - Protection of Consumer Interests
Subtitle E - Premium Financing
Chapter 651 - Financing of Insurance Premiums
Subchapter C. Regulation of Insurance Premium
Section 651.101. Books, Accounts, and Records
Section 651.102. Annual Report
Section 651.103. Business Name
Section 651.104. Business Location
Section 651.105. Relocation of Place of Business
Section 651.106. Business Premises
Section 651.107. Engaging in Business by Mail or Outside the Community
Section 651.108. Certain Charges Prohibited
Section 651.109. Limitations on Rates and Charges
Section 651.110. Limitations on Certain Inducements or Sharing of Profits and Fees