Tex. Ins. Code § 4054.252 · Subchapter F. RENEWAL OR SERVICE COMMISSIONS TO AGENTS OF LIFE INSURANCE COMPANIES DISCONTINUING BUSINESS IN STATE
MONTHLY AND QUARTERLY STATEMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A life insurance company shall provide to each agent who may be entitled to receive renewal or service commissions from the company under Section 4054.251:
(1) a monthly statement that shows the policies written by the agent for the company that terminated during the month for which the statement is made; and
(2) at least quarterly, a detailed statement of all policies written by the agent for the company on the lives of residents of this state that shows:
(A) the policies in force; and
(B) the policies that have terminated, with the reason for the termination.
(b) A life insurance company is not required to provide an agent with a statement under this section after the expiration of the period during which renewal or service commissions are payable as to all of the policies written by the agent for the company.
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.4054.htm
- Text hash
- sha256 9b541b701acf6eb98444b887ab7c07e8767a40fdbbf521b23952e73d4225a568
- 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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