Sec. 4151.108.  WITHDRAWALS FROM FIDUCIARY ACCOUNT.  A withdrawal from a fiduciary bank account established under Section 4151.107 may be made only as provided in the written agreement for any of the following purposes:
(1)  delivery to an insurer, plan, or plan sponsor entitled to payment;
(2)  deposit in an account controlled and maintained in the name of the insurer, plan, or plan sponsor;
(3)  transfer to and deposit in a claims payment account for payment of a claim as provided by Section 4151.111;
(4)  payment to a group policyholder for delivery to the insurer entitled to payment;
(5)  payment to the administrator of the administrator's commission, fees, or charges;
(6)  delivery of a return premium to any person entitled to payment;  or
(7)  payment of a premium for stop-loss or excess loss insurance.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.