Sec. 1806.054. OTHER PROHIBITED INDUCEMENTS. Except as provided by Section 1806.055, 1806.056, or 1806.057, an insurer or an insurer's officer, director, agent, or other representative may not, for the purpose of writing the insurance of an insured, grant to the insured or contract with the insured for a special favor or advantage in dividends or other profits, or commissions or dividends of commissions or profits to accrue on the policy, or compensation or other valuable consideration not specified in the policy, or an inducement not specified in the policy.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Structure Texas Statutes
Title 10 - Property and Casualty Insurance
Subtitle A - General Provisions
Chapter 1806 - Prohibited Practices and Rebates Related to Policies
Subchapter B. Provisions Applicable to Automobile Insurance
Section 1806.051. Applicability of Subchapter
Section 1806.052. Construction of Subchapter
Section 1806.053. Discriminations or Distinctions
Section 1806.054. Other Prohibited Inducements
Section 1806.055. Profit Sharing Authorized; Certain Prohibitions
Section 1806.056. Profit Sharing Based on Combat Duty Authorized
Section 1806.057. Profit Sharing With Members of Certain Associations Authorized