Sec. 4151.114. DISPOSITION OF BOOKS AND RECORDS ON TERMINATION OF WRITTEN AGREEMENT. On termination of the written agreement, an administrator may fulfill the requirements of Sections 4151.112 and 4151.113 by:
(1) delivering the books and records:
(A) to a successor administrator; or
(B) if there is not a successor administrator, to the insurer, plan, or plan sponsor; and
(2) giving written notice to the commissioner of the location of the books and records.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
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