Texas § 4053.002 EXCEPTION.

Texas Statutes

§ 4053.002 — EXCEPTION.

Texas § 4053.002

Code INInsurance Code

This text of Texas § 4053.002 (EXCEPTION.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 4053.002 (2026).

Text

Sec. 4053.002. EXCEPTION. An agent licensed under Subchapter E , Chapter 981 , Subchapters B-E or I, Chapter 4051 , 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.

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Sec. 4053.002. EXCEPTION. An agent licensed under Subchapter E , Chapter 981 , Subchapters B-E or I, Chapter 4051 , 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.

Legislative History

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005. Amended by: Acts 2007, 80th Leg., R.S., Ch. 548 (S.B. 1263 ), Sec. 2.25, eff. September 1, 2007.