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Texas Insurance Code - INS § 4053.002. Exception

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

An agent licensed under Subchapter E, Chapter 981, Subchapters B-E or I, Chapter 4051,  1 or Chapter 4056 is not a managing general agent unless the agent accepts 50 percent or more of the agent's total annual business or does $500,000 or more of total annual business as measured by premium volume, whichever amount is less, from insurance policies produced and sold by other agents.

1  V.T.C.A., Insurance Code §§ 981.201 et seq., 4051.051 et seq.-4051.201 et seq. or 4051.401 et seq.
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Cite this article: FindLaw.com - Texas Insurance Code - INS § 4053.002. Exception - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-4053-002/

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