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.
Structure Texas Statutes
Title 2 - Texas Department of Insurance
Subtitle B - Discipline and Enforcement
Chapter 101 - Unauthorized Insurance
Subchapter B. Business of Insurance; Exceptions
Section 101.051. Conduct That Constitutes the Business of Insurance
Section 101.052. Advertising Relating to Medicare Supplement Benefit Plans
Section 101.053. Application of Subchapter
Section 101.054. Exception; Full-Time Salaried Employee
Section 101.055. Exception; Certain Entities That Reimburse Medical Expenses