Payment of Claims From Fiduciary Account Prohibited

Tex. Insurance Code § 4151.109, under Chapter 4151.

Tex. Insurance Code § 4151.109

Sec. 4151.109. PAYMENT OF CLAIMS FROM FIDUCIARY ACCOUNT PROHIBITED. An administrator may not pay a claim from a fiduciary bank account established under Section 4151.107. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.