Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES |
Subtitle I. COMPANIES THAT ARE NOT ORGANIZED IN TEXAS |
Chapter 981. SURPLUS LINES INSURANCE |
Subchapter E. SURPLUS LINES AGENTS |
Sec. 981.212. ACCEPTING SURPLUS LINES INSURANCE FROM OTHER AGENTS
Latest version.
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(a) A surplus lines agent may originate surplus lines insurance or accept surplus lines insurance from another agent who is licensed to handle the kind of insurance being accepted.
(b) A surplus lines agent who accepts surplus lines insurance from an agent may share a commission with that agent.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.