Texas § 4152.201 CONTRACT BETWEEN MANAGER AND INSURER.

Texas Statutes

§ 4152.201 — CONTRACT BETWEEN MANAGER AND INSURER.

Texas § 4152.201

Code INInsurance Code

This text of Texas § 4152.201 (CONTRACT BETWEEN MANAGER AND INSURER.) 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. § 4152.201 (2026).

Text

Sec. 4152.201. CONTRACT BETWEEN MANAGER AND INSURER.

(a)A manager and an insurer represented by the manager may enter into a transaction only under a written contract that:

(1)is executed by a responsible officer of both the manager and the insurer;

(2)is approved by the insurer's board of directors or attorney in fact;

(3)specifies the responsibilities of each party;

(4)identifies the rate, terms, and purpose of each commission, charge, or other fee the manager may assess the insurer; and

(5)at a minimum, incorporates the requirements of Sections 4152.202-4152.214.

(b)Not later than the 30th day before the date the insurer assumes or cedes business through the manager, a copy of the executed contract must be filed with the commissioner for approval.

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Sec. 4152.201. CONTRACT BETWEEN MANAGER AND INSURER. (a) A manager and an insurer represented by the manager may enter into a transaction only under a written contract that:
(1) is executed by a responsible officer of both the manager and the insurer;
(2) is approved by the insurer's board of directors or attorney in fact;
(3) specifies the responsibilities of each party;
(4) identifies the rate, terms, and purpose of each commission, charge, or other fee the manager may assess the insurer; and
(5) at a minimum, incorporates the requirements of Sections 4152.202-4152.214.
(b) Not later than the 30th day before the date the insurer assumes or cedes business through the manager, a copy of the executed contract must be filed with the commissioner for approval.