Texas Administrative Code
|PART 1||TEXAS DEPARTMENT OF INSURANCE|
|CHAPTER 25||INSURANCE PREMIUM FINANCE|
|SUBCHAPTER E||EXAMINATIONS AND ANNUAL REPORTS|
|RULE §25.90||Escheat Account|
An escheat or unclaimed property account shall be established as required by the Property Code, Chapters 72 and 74, for monies due an insured who cannot be located. These monies must remain in an account for three years and then be reported to the Texas Department of Treasury. Copies of the escheat account reports shall be placed in an examination file to be available at the time of the insurance premium finance company's examination by the Department.
|Source Note: The provisions of this §25.90 adopted to be effective May 17, 1995, 20 TexReg 3337.|
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