Texas § 846.107 RECEIPT OF THING OF VALUE; CRIMINAL PENALTY.

Texas Statutes

§ 846.107 — RECEIPT OF THING OF VALUE; CRIMINAL PENALTY.

Texas § 846.107

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This text of Texas § 846.107 (RECEIPT OF THING OF VALUE; CRIMINAL PENALTY.) 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. § 846.107 (2026).

Text

Sec. 846.107. RECEIPT OF THING OF VALUE; CRIMINAL PENALTY.

(a)A board member, officer, or employee of a multiple employer welfare arrangement may not, knowingly and intentionally, directly or indirectly:

(1)receive money or another valuable thing for negotiating, procuring, recommending, or aiding in:

(A)a purchase by or sale to the arrangement of property; or

(B)a loan from the arrangement; or

(2)be pecuniarily interested as a principal, coprincipal, agent, or beneficiary in a purchase, sale, or loan described by Subdivision (1).

(b)A person commits an offense if the person violates this section. An offense under this subsection is a felony of the third degree. SUBCHAPTER D. POWERS AND DUTIES OF MULTIPLE EMPLOYER WELFARE ARRANGEMENTS

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Sec. 846.107. RECEIPT OF THING OF VALUE; CRIMINAL PENALTY. (a) A board member, officer, or employee of a multiple employer welfare arrangement may not, knowingly and intentionally, directly or indirectly:
(1) receive money or another valuable thing for negotiating, procuring, recommending, or aiding in:
(A) a purchase by or sale to the arrangement of property; or
(B) a loan from the arrangement; or
(2) be pecuniarily interested as a principal, coprincipal, agent, or beneficiary in a purchase, sale, or loan described by Subdivision (1).
(b) A person commits an offense if the person violates this section. An offense under this subsection is a felony of the third degree.
SUBCHAPTER D. POWERS AND DUTIES OF MULTIPLE EMPLOYER WELFARE ARRANGEMENTS