Texas Statutes
Subtitle B - Agents
Chapter 4053 - Managing General Agents

Subchapter A. General Provisions

Section 4053.001. Definitions - Sec. 4053.001. DEFINITIONS. In this chapter: (1) "Affiliate" means a...

Section 4053.002. Exception - Sec. 4053.002. EXCEPTION. An agent licensed under Subchapter E, Chapter...

Section 4053.003. Inapplicability of Chapter - Sec. 4053.003. INAPPLICABILITY OF CHAPTER. This chapter does not apply...

Section 4053.004. Regulation of Managing General Agents - Sec. 4053.004. REGULATION OF MANAGING GENERAL AGENTS. This title applies...

Section 4053.005. Rules - Sec. 4053.005. RULES. The commissioner may adopt reasonable rules for...

Subchapter B. License Requirements

Section 4053.051. License Required; Exemptions - Sec. 4053.051. LICENSE REQUIRED; EXEMPTIONS. (a) Except as provided by...

Section 4053.053. Single License Required - Sec. 4053.053. SINGLE LICENSE REQUIRED. A license issued under this...

Section 4053.054. Notice and Approval of Appointment - Sec. 4053.054. NOTICE AND APPROVAL OF APPOINTMENT. (a) Each appointment...

Section 4053.055. Lapse of License - Sec. 4053.055. LAPSE OF LICENSE. If a license holder is...

Subchapter C. Powers and Duties of Managing General Agents

Section 4053.101. General Powers and Duties - Sec. 4053.101. GENERAL POWERS AND DUTIES. A managing general agent...

Section 4053.102. Contracts - Sec. 4053.102. CONTRACTS. (a) An insurer may not accept business...

Section 4053.103. Account Report - Sec. 4053.103. ACCOUNT REPORT. (a) At least once each calendar...

Section 4053.104. Separate Records - Sec. 4053.104. SEPARATE RECORDS. (a) For each insurer with which...

Section 4053.105. Escrow Account - Sec. 4053.105. ESCROW ACCOUNT. (a) A managing general agent shall...

Section 4053.106. Fiduciary Capacity - Sec. 4053.106. FIDUCIARY CAPACITY. A managing general agent holds money...

Section 4053.107. Financial Examination - Sec. 4053.107. FINANCIAL EXAMINATION. (a) As the commissioner considers necessary,...

Section 4053.108. Required Notices to Department - Sec. 4053.108. REQUIRED NOTICES TO DEPARTMENT. (a) On forms prescribed...

Section 4053.109. Reinsurance - Sec. 4053.109. REINSURANCE. (a) A managing general agent may not...

Section 4053.110. Redemption of Corporate Shares - Sec. 4053.110. REDEMPTION OF CORPORATE SHARES. A corporation acting as...

Subchapter D. Enforcement

Section 4053.151. Disciplinary Action - Sec. 4053.151. DISCIPLINARY ACTION. A person, firm, or corporation that...

Section 4053.152. Guaranty Fund Reimbursement - Sec. 4053.152. GUARANTY FUND REIMBURSEMENT. (a) If a court finds...