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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Except as provided by Subsection (b), an insurer may not engage the services of a person to act as a broker or manager on the insurer's behalf unless the person holds a license if required by Section 4152.051.
(b) An insurer, or an employee, attorney, or actuary of an insurer, may negotiate and obtain reinsurance for that insurer without holding a broker or manager license or without using the services of a broker or manager if that insurer, employee, attorney, or actuary does not otherwise hold the person out as a broker or manager or perform the duties or provide the services of a broker or manager.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 4152.251. Engagement of Services of Unlicensed Broker or Manager - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-4152-251/
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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