Sec. 4001.203. TERM OF APPOINTMENT. (a) An appointment authorizing an agent to act for an insurer continues in effect without the necessity of renewal until the appointment is terminated or withdrawn by the insurer or the agent.
(b) A renewal license issued to an agent authorizes the agent to represent and act for each insurer for which the agent holds an appointment until the appointment is terminated or withdrawn, and the agent is considered to be the agent of each appointing insurer for the purposes of this code.
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 E. Appointment of Agent
Section 4001.201. Appointment Required
Section 4001.202. Appointment by Multiple Insurers
Section 4001.203. Term of Appointment
Section 4001.204. Authority to Act as Agent Before Notice of Appointment
Section 4001.206. Termination of Appointment of Agent for Cause; Liability