Sec. 4001.157. OBTAINING CERTAIN COMMISSIONS PROHIBITED. (a) A temporary license holder may not obtain a commission on a sale made to a person who has a family, employment, or business relationship with the temporary license holder.
(b) An agent, insurer, or health maintenance organization may not knowingly pay, directly or indirectly, to a temporary license holder, and a temporary license holder may not receive or accept, a commission on the sale of a contract of insurance or membership covering:
(1) the temporary license holder;
(2) a person related to the temporary license holder by consanguinity or affinity;
(3) a person who is or has been during the past six months the temporary license holder's employer, either as an individual or as a member of a partnership, association, firm, or corporation; or
(4) a person who is or has been during the past six months an employee of the temporary license holder.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
Structure Texas Statutes
Title 13 - Regulation of Professionals
Subtitle A - General Provisions
Chapter 4001 - Agent Licensing in General
Subchapter D. Temporary License
Section 4001.151. Authority to Issue Temporary License
Section 4001.152. Examination Not Required
Section 4001.153. Application for and Issuance of Temporary License
Section 4001.154. Authority to Act as Agent Pending Receipt of Temporary License
Section 4001.155. Term of Temporary License
Section 4001.156. Restriction on Issuance or Renewal of Temporary License
Section 4001.157. Obtaining Certain Commissions Prohibited
Section 4001.158. Replacement of Existing Life Insurance or Annuity Contract Prohibited
Section 4001.160. Training of Applicant for Temporary License
Section 4001.161. Duty to Ensure That Applicants Take Licensing Examination
Section 4001.162. Restriction on Appointment of Temporary License Holders