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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Except as reimbursement for the cost of services that otherwise would have been provided by the insurer, an insurer may not pay to any individual, firm, corporation, or group entity a fee or allowance for services related to:
(1) a group accident and health insurance policy; or
(2) a blanket accident and health insurance policy.
(b) Subsection (a) does not limit an insurer's right to:
(1) pay dividends;
(2) return a premium to a group or a combination of groups;
(3) provide for a rate stabilization fund with combinations of groups; or
(4) pay compensation, including a commission, to a licensed agent.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 1251.004. Certain Payments by Insurers Prohibited - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-1251-004/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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