Sec. 4055.011. AUTHORITY OF EMPLOYEE OF SPECIALTY LICENSE HOLDER. An employee of a specialty license holder may act as an agent with respect to the kinds of insurance the license holder is authorized to offer under this chapter only if the employee:
(1) is trained under Section 4055.012 to act individually on behalf of the license holder;
(2) acts on behalf of and under the supervision of the license holder; and
(3) is not compensated based primarily on the amount of insurance sold by the employee under this chapter.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
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