Sec. 4053.101. GENERAL POWERS AND DUTIES. A managing general agent acting for an insurer may:
(1) receive and pass on daily reports and monthly accounts;
(2) receive and be responsible for agency balances;
(3) handle the adjustment of losses; or
(4) appoint or direct general property and casualty agents and personal lines property and casualty agents in this state.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 548 (S.B. 1263), Sec. 2.26, eff. September 1, 2007.
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