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Tex. Ins. Code § 4151.114

DISPOSITION OF BOOKS AND RECORDS ON TERMINATION OF WRITTEN AGREEMENT

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff

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.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.