Tex. Ins. Code Section 4054.157
Limit on Agent’s Authority

Except as provided by Section 154.2021 (Requirements for Insurance Policies), Finance Code, a funeral prearrangement life insurance agent licensed under this subchapter may not write any coverage or combination of coverages with an initial guaranteed death benefit on any life that exceeds the total cost of the prepaid funeral benefits purchased under the prepaid funeral contract.

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.

Amended by:

Acts 2011, 82nd Leg., R.S., Ch. 615 (S.B. 579), Sec. 1, eff. September 1, 2011.

Source: Section 4054.157 — Limit on Agent's Authority, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.4054.htm#4054.157 (accessed Jun. 5, 2024).

4054.001
Applicability of Chapter 4054.051
License Required 4054.052
Combination Life Insurance Agent 4054.053
Authority to Write Additional Lines 4054.101
License Required 4054.102
Designation of Kinds of Insurance 4054.103
Temporary License 4054.151
Funeral Prearrangement Life Insurance Agent 4054.152
License Issuance 4054.153
Course 4054.154
Examination 4054.155
Investigation by Department 4054.156
Withdrawal of Insurer’s Authority 4054.157
Limit on Agent’s Authority 4054.158
Revocation 4054.159
Continuing Education Exemption 4054.160
Applicability of Limited License Laws 4054.201
License Issuance 4054.202
Course 4054.203
Examination 4054.204
Investigation by Department 4054.205
Withdrawal of Insurer’s Authority 4054.206
Limit on Agent’s Authority 4054.207
Continuing Education Exemption 4054.208
Applicability of Limited License Laws 4054.251
Insurance Company Liability for Payment of Commissions 4054.252
Monthly and Quarterly Statements 4054.253
Presumption in Lawsuit 4054.301
License Required 4054.302
Authority to Write Specified Coverages 4054.303
Applicability of Certain Requirements 4054.304
Fees 4054.351
Certification Program 4054.352
Qualifications 4054.353
Initial Training 4054.354
Renewal 4054.355
Satisfaction of Continuing Education Requirements 4054.356
Offer of Services to All Group Sizes 4054.357
Advertising 4054.358
List Maintained by Department 4054.359
Rules

Accessed:
Jun. 5, 2024

§ 4054.157’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._ins._code_section_4054.157

Original Source: Section 4054.157 — Limit on Agent's Authority, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.4054.htm#4054.157 (last accessed Jun. 5, 2024).