Texas § 846.106 COMPENSATION OF OFFICERS, AGENTS, AND EMPLOYEES.

Texas Statutes

§ 846.106 — COMPENSATION OF OFFICERS, AGENTS, AND EMPLOYEES.

Texas § 846.106

Code INInsurance Code

This text of Texas § 846.106 (COMPENSATION OF OFFICERS, AGENTS, AND EMPLOYEES.) 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. § 846.106 (2026).

Text

Sec. 846.106. COMPENSATION OF OFFICERS, AGENTS, AND EMPLOYEES.

(a)A multiple employer welfare arrangement may pay the officers and agents of the arrangement suitable compensation. An officer, employee, or agent of an arrangement may not be compensated unreasonably.

(b)The compensation of any officer or employee of a multiple employer welfare arrangement may not be computed directly or indirectly as a percentage of money or premium collected.

(c)The compensation of an agent may not exceed five percent of the money or premium collected.

(d)A multiple employer welfare arrangement may pay compensation or make an emolument to an officer of the arrangement only if the compensation or emolument is first authorized by a majority vote of the board of the arrangement.

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Sec. 846.106. COMPENSATION OF OFFICERS, AGENTS, AND EMPLOYEES. (a) A multiple employer welfare arrangement may pay the officers and agents of the arrangement suitable compensation. An officer, employee, or agent of an arrangement may not be compensated unreasonably.
(b) The compensation of any officer or employee of a multiple employer welfare arrangement may not be computed directly or indirectly as a percentage of money or premium collected.
(c) The compensation of an agent may not exceed five percent of the money or premium collected.
(d) A multiple employer welfare arrangement may pay compensation or make an emolument to an officer of the arrangement only if the compensation or emolument is first authorized by a majority vote of the board of the arrangement.