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Texas Insurance Code - INS § 1115.0505. Agents Exercising Material Control

Current as of January 01, 2024 | Updated by Findlaw Staff

(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.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 1115.0505. Agents Exercising Material Control - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-1115-0505/

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