Tex. Ins. Code § 911.057
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
An association described by Section 911.053(b)(1) of which the applicants for a permit to solicit insurance are members shall hold in trust money collected from an individual applying for insurance in the association until the association is incorporated. If the association's incorporation is not perfected, the association shall refund the money to the individual applying for the insurance.
Tex. Ins. Code § 911.057