Tex. Insurance Code § 964.105
ATTORNEY IN FACT POWERS AND DUTIES
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 964.105, ATTORNEY IN FACT POWERS AND DUTIES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/680618
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Full text
(a) The attorney in fact of a captive exchange shall:
(1) supervise the finances of the captive exchange;
(2) supervise the captive exchange's operations to ensure the captive exchange's conformity with the captive exchange's subscriber declaration and power of attorney; and
(3) obtain, as necessary, an audit of the account and records of the attorney in fact at the expense of the captive exchange.
(b) The attorney in fact of a captive exchange has any additional powers and duties conferred by the captive exchange's subscriber declaration and power of attorney.