Tex. Ins. Code Section 4051.355
Renewal of Insurance Contracts After Notice of Termination or Suspension

(a)

Except as provided by Subsection (b), an insurer that terminates or suspends an agent’s contract with an appointed agent shall renew all contracts for property and casualty insurance for the agent during the six months after the effective date of the termination or suspension of the contract.

(b)

The insurer may decline to renew an insurance contract if any risk does not meet the insurer’s current underwriting standards. The insurer must provide at least 60 days’ notice to the agent of the insurer’s intent not to renew the contract.

(c)

An insurer that renews an insurance contract under this section shall pay to the agent commissions for the renewal according to the commission schedule that was in effect for the agent before the insurer’s decision to terminate or suspend the agent’s contract.

(d)

An insurer that renews an insurance contract under this section may not require the agent to convert from agency billing to company billing during the termination period unless the agent agrees in writing to the conversion.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.

Source: Section 4051.355 — Renewal of Insurance Contracts After Notice of Termination or Suspension, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­4051.­htm#4051.­355 (accessed Jun. 5, 2024).

4051.001
Applicability of Chapter 4051.002
Requirements Applicable to Certain Agent Contracts 4051.051
License Required 4051.052
Authority to Write Additional Lines 4051.053
Authority to Write Certain Accident and Health Insurance 4051.054
Deceased, Disabled, or Insolvent Agents 4051.101
License Required 4051.102
Designation of Kinds of Insurance 4051.201
License Issuance 4051.202
Course 4051.203
Examination 4051.204
Investigation by Department 4051.205
Withdrawal of Company’s Authority 4051.206
Applicability of Limited License Laws 4051.251
Appointment of Agent 4051.252
Requirements for Appointment 4051.253
Acceptance of Certain Continuing Education 4051.254
Rules 4051.351
Applicability of Subchapter 4051.352
Suspension of Agent’s Contract 4051.353
Notice Required Before Termination or Suspension of Contract 4051.354
Automatic Termination of Contract on Withdrawal from State or Reduction of Business 4051.355
Renewal of Insurance Contracts After Notice of Termination or Suspension 4051.356
Insurer Refusal to Renew Agent’s Business Prohibited 4051.357
Insurer Approval for New Business or Increase in Liability 4051.358
Provision of Underwriting Standards to Agent Whose Contract Is Terminated or Suspended 4051.359
Payment of Money Due Insurer 4051.360
Revision of Termination Provisions of Agent’s Contract 4051.361
Administrative Penalty 4051.362
Action for Damages 4051.401
Personal Lines Property and Casualty License 4051.402
Authority to Write Additional Lines 4051.403
Personal Lines Included in General Property and Casualty License 4051.404
Fees
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Accessed:
Jun. 5, 2024

§ 4051.355’s source at texas​.gov