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Texas Insurance Code - INS § 2201.005. Exemption from Certain Requirements

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

(a) A provision of Chapter 981, 4055, or 4056 does not apply to an agent described by Subsection (b) if the provision:

(1) requires residency in this state;

(2) requires countersignatures;

(3) prohibits the solicitation of insurance in this state by a nonresident or the payment of commissions to a nonresident;  or

(4) prohibits a nonresident from acting as a surplus or excess lines agent.

(b) The exemption provided by Subsection (a) applies to an agent licensed under Chapter 981, 4055, or 4056 who is acting on behalf of a risk retention group or purchasing group operating in this state or a group member in this state in providing or placing liability insurance for risks located in this state.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 2201.005. Exemption from Certain Requirements - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2201-005/

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