Texas Insurance Code § 101.054 Exception; Full-time Salaried Employee

Sec. 101.054. EXCEPTION; FULL-TIME SALARIED EMPLOYEE. Section 101.051(b)(6) does not prohibit a full-time salaried employee of a corporate insured from acting as an insurance manager or buyer in placing insurance on behalf of:

(1) the employee's employer; or

(2) a parent or affiliated company of the employer.

Added by Acts 1999, 76th Leg., ch. 101, Sec. 1, eff. Sept. 1, 1999.

Section: Previous  101.001  101.002  101.003  101.004  101.051  101.052  101.053  101.054  101.055  101.101  101.102  101.103  101.104  101.105  101.106  Next

Last modified: September 28, 2016