Tex. Ins. Code Section 4053.102


An insurer may not accept business from a managing general agent and the agent may not place business with the insurer without a written contract that addresses:


the responsibilities of each party;


cancellation or termination;


reports, records, and auditing; and


if applicable:


premium volume limits;


appointment or cancellation of agents;


claims settlement;


underwriting; and




The commissioner may adopt rules establishing requirements for a contract with a managing general agent.


A contract with a managing general agent and a report or record submitted under that contract are subject to review by the department under Section 38.001 (Inquiries).
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.

Source: Section 4053.102 — Contracts, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­4053.­htm#4053.­102 (accessed Dec. 2, 2023).

Dec. 2, 2023

§ 4053.102’s source at texas​.gov