Tex. Ins. Code § 846.106 · Subchapter C. BOARD MEMBERS; OTHER OFFICERS AND PERSONNEL
COMPENSATION OF OFFICERS, AGENTS, AND EMPLOYEES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A multiple employer welfare arrangement may pay the officers and agents of the arrangement suitable compensation. An officer, employee, or agent of an arrangement may not be compensated unreasonably.
(b) The compensation of any officer or employee of a multiple employer welfare arrangement may not be computed directly or indirectly as a percentage of money or premium collected.
(c) The compensation of an agent may not exceed five percent of the money or premium collected.
(d) A multiple employer welfare arrangement may pay compensation or make an emolument to an officer of the arrangement only if the compensation or emolument is first authorized by a majority vote of the board of the arrangement.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.846.htm
- Text hash
- sha256 2505d55e051e0fa20f5deefee7a05fa27925afd52abf93c1948af8344f1f51fc
- 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.