Tex. Ins. Code § 964.105

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 964.105 - Attorney in Fact Powers and Duties

(a) The attorney in fact of a captive exchange shall:

(1) supervise the finances of the captive exchange;

(2) supervise the captive exchange's operations to ensure the captive exchange's conformity with the captive exchange's subscriber declaration and power of attorney; and

(3) obtain, as necessary, an audit of the account and records of the attorney in fact at the expense of the captive exchange.

(b) The attorney in fact of a captive exchange has any additional powers and duties conferred by the captive exchange's subscriber declaration and power of attorney.

Tex. Ins. Code § 964.105

Added by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 1050,Sec. 2.01, eff. 6/15/2017.