Sec. 4152.154. EMPLOYMENT OF PERSON BY INSURER AND BROKER. A person may not be employed by an insurer and a broker with whom the insurer transacts business unless the broker is:
(1) under common control with the insurer; and
(2) subject to Chapter 823.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
Structure Texas Statutes
Title 13 - Regulation of Professionals
Subtitle D - Other Professionals
Chapter 4152 - Reinsurance Intermediaries
Subchapter D. Requirements Relating to Brokers
Section 4152.151. Contract Between Broker and Insurer
Section 4152.152. Placement of Reinsurance With Unauthorized Reinsurer
Section 4152.153. Transaction Records
Section 4152.154. Employment of Person by Insurer and Broker