Sec. 4054.206. LIMIT ON AGENT'S AUTHORITY. An insurance agent licensed under this subchapter may not write any coverage or combination of coverages with an initial guaranteed death benefit that exceeds $25,000 on any life.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 1309 (H.B. 2570), Sec. 10, eff. September 1, 2009.
Structure Texas Statutes
Title 13 - Regulation of Professionals
Chapter 4054 - Life, Accident, and Health Agents
Subchapter E. Life Insurance Not
Section 4054.201. License Issuance; Exception
Section 4054.204. Investigation by Department
Section 4054.205. Withdrawal of Insurer's Authority
Section 4054.206. Limit on Agent's Authority