Tex. Ins. Code § 4053.102 · Subchapter C. POWERS AND DUTIES OF MANAGING GENERAL AGENTS
CONTRACTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An insurer may not accept business from a managing general agent and the agent may not place business with the insurer without a written contract that addresses:
(1) the responsibilities of each party;
(2) cancellation or termination;
(3) reports, records, and auditing; and
(4) if applicable:
(A) premium volume limits;
(B) appointment or cancellation of agents;
(C) claims settlement;
(D) underwriting; and
(E) reinsurance.
(b) The commissioner may adopt rules establishing requirements for a contract with a managing general agent.
(c) A contract with a managing general agent and a report or record submitted under that contract are subject to review by the department under Section 38.001.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.4053.htm
- Text hash
- sha256 52f728a89aeb4ba8aec531d9549e02a9f0f62ca6bf46cc3c22a725456fba069c
- 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
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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.