Sec. 4051.351. APPLICABILITY OF SUBCHAPTER. (a) Except as provided by Subsection (b), this subchapter applies to each contract between an agent and an insurer engaged in the business of property and casualty insurance in this state.
(b) This subchapter does not apply to:
(1) the termination or suspension by an insurer of an agent's contract because of:
(A) insolvency;
(B) abandonment;
(C) gross and wilful misconduct;
(D) failure to pay the insurer money due to the insurer after receipt of a written demand; or
(E) revocation of the agent's license by the department; or
(2) the termination or suspension by an insurer of an agent's contract if the insurance policies and insurance business are owned by the insurer rather than the agent.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
Structure Texas Statutes
Title 13 - Regulation of Professionals
Chapter 4051 - Property and Casualty Agents
Subchapter H. Termination or Suspension of Agent Contracts by Property and Casualty Insurers
Section 4051.351. Applicability of Subchapter
Section 4051.352. Suspension of Agent's Contract; Other Definitions
Section 4051.353. Notice Required Before Termination or Suspension of Contract
Section 4051.355. Renewal of Insurance Contracts After Notice of Termination or Suspension
Section 4051.356. Insurer Refusal to Renew Agent's Business Prohibited
Section 4051.357. Insurer Approval for New Business or Increase in Liability
Section 4051.359. Payment of Money Due Insurer
Section 4051.360. Revision of Termination Provisions of Agent's Contract