Tex. Ins. Code § 1806.153 · Subchapter D. PROVISIONS APPLICABLE TO FIRE INSURANCE AND ALLIED LINES
UNJUST DISCRIMINATION; REBATES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An insurer or an insurer's officer, director, agent, or other representative may not grant or contract for a special favor or advantage in:
(1) dividends or other profits to accrue on an insurance policy;
(2) commissions in the dividends or other profits to accrue on an insurance policy;
(3) commissions or division of commission; or
(4) a position, valuable consideration, or inducement not specified in an insurance policy.
(b) An insurer may not directly or indirectly give, sell, or purchase or offer to give, sell, or purchase as an inducement to insurance or in connection with insurance:
(1) stocks, bonds, or other securities of an insurer or other corporation, partnership, or individual;
(2) dividends or profits that have accrued or will accrue on stocks, bonds, or other securities of an insurer or other corporation, partnership, or individual; or
(3) anything of value not specified in the policy.
(c) An insurer or an insurer's officer, director, agent, or other representative that violates this section has engaged in unjust discrimination.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1806.htm
- Text hash
- sha256 f43d40351ab8edd9d869982ae286c54d3aa3e40b5025fb98034ff34ff9fd5d40
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 3 provisions
Provisions in this library whose text cites Tex. Ins. Code § 1806.153. Each shows the citation as that text prints it.
Insurance Code
- Tex. Ins. Code § 1806.002CONSTRUCTION OF CERTAIN PROVISIONS; SERVICES RELATED TO LOSS CONTROL.Printed as Section 1806.053, 1806.054, 1806.059, 1806.104, 1806.1041, 1806.153, 1806.1541, or 1806.156
- Tex. Ins. Code § 1806.154PROFIT SHARING AUTHORIZED.Printed as Section 1806.153
- Tex. Ins. Code § 1806.1541CERTAIN PROMOTIONAL PRACTICES AUTHORIZED.Printed as Section 1806.153
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.