Section 4151.108 - Withdrawals From Fiduciary Account A withdrawal from a fiduciary bank account established under Section 4151.107 may be made only as provided in the written agreement for any of the following purposes:
(1) delivery to an insurer, plan, or plan sponsor entitled to payment;(2) deposit in an account controlled and maintained in the name of the insurer, plan, or plan sponsor;(3) transfer to and deposit in a claims payment account for payment of a claim as provided by Section 4151.111;(4) payment to a group policyholder for delivery to the insurer entitled to payment;(5) payment to the administrator of the administrator's commission, fees, or charges;(6) delivery of a return premium to any person entitled to payment; or(7) payment of a premium for stop-loss or excess loss insurance.Tex. Ins. Code § 4151.108
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. 4/1/2005.