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Current as of January 01, 2024 | Updated by FindLaw Staff
(a) A temporary license holder may not obtain a commission on a sale made to a person who has a family, employment, or business relationship with the temporary license holder.
(b) An agent, insurer, or health maintenance organization may not knowingly pay, directly or indirectly, to a temporary license holder, and a temporary license holder may not receive or accept, a commission on the sale of a contract of insurance or membership covering:
(1) the temporary license holder;
(2) a person related to the temporary license holder by consanguinity or affinity;
(3) a person who is or has been during the past six months the temporary license holder's employer, either as an individual or as a member of a partnership, association, firm, or corporation; or
(4) a person who is or has been during the past six months an employee of the temporary license holder.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 4001.157. Obtaining Certain Commissions Prohibited - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-4001-157/
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 or via Westlaw before relying on it for your legal needs.
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