Texas § 4053.102 CONTRACTS.

Texas Statutes

§ 4053.102 — CONTRACTS.

Texas § 4053.102

Code INInsurance Code

This text of Texas § 4053.102 (CONTRACTS.) 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. § 4053.102 (2026).

Text

Sec. 4053.102. CONTRACTS.

(a)An insurer may not accept business from a managing general agent and the agent may not place business with the insurer without a written contract that addresses:

(1)the responsibilities of each party;

(2)cancellation or termination;

(3)reports, records, and auditing; and

(4)if applicable:

(A)premium volume limits;

(B)appointment or cancellation of agents;

(C)claims settlement;

(D)underwriting; and

(E)reinsurance.

(b)The commissioner may adopt rules establishing requirements for a contract with a managing general agent.

(c)A contract with a managing general agent and a report or record submitted under that contract are subject to review by the department under Section 38.001 .

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Sec. 4053.102. CONTRACTS. (a) An insurer may not accept business from a managing general agent and the agent may not place business with the insurer without a written contract that addresses:
(1) the responsibilities of each party;
(2) cancellation or termination;
(3) reports, records, and auditing; and
(4) if applicable:
(A) premium volume limits;
(B) appointment or cancellation of agents;
(C) claims settlement;
(D) underwriting; and
(E) reinsurance.
(b) The commissioner may adopt rules establishing requirements for a contract with a managing general agent.
(c) A contract with a managing general agent and a report or record submitted under that contract are subject to review by the department under Section 38.001 .