Sec. 1806.104. PROHIBITED ACTS. (a) Except as otherwise provided by this subchapter, an insurer, an insurer's employee, or a broker or agent may not knowingly:
(1) issue an insurance policy that is not in accordance with an applicable filing; or
(2) charge, demand, or receive a premium on an insurance policy that is not in accordance with an applicable filing.
(b) Except as provided in an applicable filing, an insurer, an insurer's employee, or a broker or agent may not directly or indirectly pay, allow, or give, or offer to pay, allow, or give, as an inducement to insurance, or after insurance has been written, a rebate, discount, abatement, credit or reduction of the premium stated in an insurance policy, or a special favor or advantage in the dividends or other benefits to accrue on the policy, or any valuable consideration or inducement, not specified in the policy.
(c) An insured named in an insurance policy or an employee of an insured may not knowingly receive or accept, directly or indirectly, a rebate, discount, abatement, credit, or reduction of the premium stated in an insurance policy, or a special favor or advantage or valuable consideration or inducement.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 3B.032(b), eff. September 1, 2007.
Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 9.032(b), eff. September 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 C. Provisions Applicable to Casualty Insurance
Section 1806.102. Applicability of Subchapter
Section 1806.103. Construction of Subchapter
Section 1806.104. Prohibited Acts
Section 1806.1041. Certain Promotional Practices Authorized
Section 1806.105. Profit Sharing Authorized; Certain Prohibitions
Section 1806.106. Profit Sharing With Certain Associations Authorized