Sec. 1131.403. PAYMENT OF PREMIUMS

Latest version.

The premium for the policy must be paid:
(1) wholly by the principal; or
(2) partly from funds contributed by the principal and partly from funds contributed by the insured agents.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.

                    
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