Tex. Ins. Code § 4055.010 · Subchapter A. GENERAL PROVISIONS
TREATMENT OF CERTAIN PREMIUMS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
Notwithstanding any other provision of this title or any rule adopted by the commissioner, a specialty license holder is not required to treat as money received in a fiduciary capacity premiums collected from a consumer who purchases insurance coverage when completing a consumer transaction associated with the coverage if:
(1) the insurer represented by the license holder has consented in writing, signed by an officer of the insurer, that premiums are not required to be segregated from money received by the license holder because of the consumer transaction associated with the insurance coverage; and
(2) the charges for insurance coverage are itemized but not billed to the consumer separately from the charges for the associated consumer transaction.
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.4055.htm
- Text hash
- sha256 7ae71f8544a38e20cc4985de4b534105cd2f76f5a48dfb740341f5b0cee69ead
- 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
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.