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Texas Insurance Code - INS § 882.203. Limitation on Agent Compensation

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

A contract between a mutual life insurance company and an agent of the company to which a license has been issued under Section 882.202 may not provide a commission or other compensation to the agent that exceeds the expense loading in the premiums on policies that are issued on applications obtained by the agent and for which the premiums are collected and paid to the company in cash.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 882.203. Limitation on Agent Compensation - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-882-203/

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