Texas Administrative Code (Last Updated: March 27,2024) |
TITLE 28. INSURANCE |
PART 1. TEXAS DEPARTMENT OF INSURANCE |
CHAPTER 15. SURPLUS LINES INSURANCE |
SUBCHAPTER B. SURPLUS LINES AGENTS |
SECTION 15.113. Agent Accounting Records
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(a) Each surplus lines agent must maintain general accounting records, which must include a general ledger, a general journal, cash records, and other items necessary to reflect the financial solvency of the agent. (b) The surplus lines agent's general accounting records must show a month-end summary of operations and fiscal or calendar-year-to-date summary of operations, and must be maintained in accordance with generally accepted accounting principles. Source Note: The provisions of this §15.113 adopted to be effective December 30, 2018, 43 TexReg 8455