Sec. 2054.255. APPOINTMENT OF AGENT NOT REQUIRED. (a) Notwithstanding any other provision of this code or another insurance law of this state, the company is not required to appoint a general property and casualty agent to act as an agent for the company.
(b) An agent who transacts business with the company acts as an agent for the applicant and not as an agent for the company, unless the company and the agent have entered into a written agreement for the agent to act on behalf of the company.
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 E - Workers' Compensation Insurance
Chapter 2054 - Texas Mutual Insurance Company
Subchapter F. General Powers and Duties Relating to Insurance
Section 2054.251. Ratemaking Authority
Section 2054.252. Amounts of Rates
Section 2054.253. Multitiered Premium Systems
Section 2054.254. Cash Dividends; Credit on Renewal Premium
Section 2054.255. Appointment of Agent Not Required