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Texas Statutes (Last Updated: January 4, 2014) |
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INSURANCE CODE |
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Title 13. REGULATION OF PROFESSIONALS |
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Subtitle A. GENERAL PROVISIONS |
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Chapter 4001. AGENT LICENSING IN GENERAL |
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Subchapter D. TEMPORARY LICENSE |
Sec. 4001.157. OBTAINING CERTAIN COMMISSIONS PROHIBITED
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(a) A temporary license holder may not obtain a commission on a sale made to a person who has a family, employment, or business relationship with the temporary license holder.
(b) An agent, insurer, or health maintenance organization may not knowingly pay, directly or indirectly, to a temporary license holder, and a temporary license holder may not receive or accept, a commission on the sale of a contract of insurance or membership covering:
(1) the temporary license holder;
(2) a person related to the temporary license holder by consanguinity or affinity;
(3) a person who is or has been during the past six months the temporary license holder's employer, either as an individual or as a member of a partnership, association, firm, or corporation; or
(4) a person who is or has been during the past six months an employee of the temporary license holder.