Sec. 4055.011. AUTHORITY OF EMPLOYEE OF SPECIALTY LICENSE HOLDER. An employee of a specialty license holder may act as an agent with respect to the kinds of insurance the license holder is authorized to offer under this chapter only if the employee:
(1) is trained under Section 4055.012 to act individually on behalf of the license holder;
(2) acts on behalf of and under the supervision of the license holder; and
(3) is not compensated based primarily on the amount of insurance sold by the employee under this chapter.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
Structure Texas Statutes
Title 13 - Regulation of Professionals
Chapter 4055 - Specialty Agents
Subchapter A. General Provisions
Section 4055.002. Applicability of Chapter to Certain Agents
Section 4055.005. License Issuance
Section 4055.006. Examination and Continuing Education Not Required
Section 4055.007. Appointment as Agent by Insurer
Section 4055.008. General Powers and Duties
Section 4055.009. Certain Representations Prohibited
Section 4055.010. Treatment of Certain Premiums
Section 4055.011. Authority of Employee of Specialty License Holder
Section 4055.012. Training Required to Act on Behalf of Specialty License Holder
Section 4055.013. Assignment and Transfer of Compensation by Certain Agents
Section 4055.014. Disclosures Required Before Issuance of Insurance
Section 4055.015. Violation by Specialty License Holder; Penalties