Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 13. REGULATION OF PROFESSIONALS |
Subtitle B. AGENTS |
Chapter 4051. PROPERTY AND CASUALTY AGENTS |
Subchapter H. TERMINATION OR SUSPENSION OF AGENT CONTRACTS BY PROPERTY AND CASUALTY INSURERS |
Sec. 4051.359. PAYMENT OF MONEY DUE INSURER
Latest version.
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An insurer shall allow an agent whose contract has been terminated or suspended under this subchapter to pay to the insurer all money due under the same accounts current payment terms in effect for agents of the insurer whose contracts have not been terminated or suspended.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.