Tex. Ins. Code Section 1115.0505
Agents Exercising Material Control

(a)

This subchapter applies to each agent who:

(1)

exercises material control or influence in making a recommendation or sale; and

(2)

receives direct compensation as a result of the recommendation or sale, regardless of whether the agent has direct contact with the consumer.

(b)

Activities that do not constitute material control or influence include providing or delivering marketing or educational materials, product wholesaling or other back office product support, general supervision of an agent, and similar activities.
Added by Acts 2021, 87th Leg., R.S., Ch. 262 (H.B. 1777), Sec. 6, eff. September 1, 2021.

Source: Section 1115.0505 — Agents Exercising Material Control, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­1115.­htm#1115.­0505 (accessed Jun. 5, 2024).

Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 1115.0505’s source at texas​.gov