Sec. 4051.357. INSURER APPROVAL FOR NEW BUSINESS OR INCREASE IN LIABILITY. An agent who receives notice of termination or suspension of the agent's contract from an insurer may not write, without the written approval of the insurer:
(1) any new business; or
(2) any increase in liability on a renewal policy or an existing policy.
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