Sec. 559.056. INDEMNIFICATION OF AGENT. (a) An insurer shall indemnify, defend, and hold its agent harmless from and against all liability, fees, and costs that arise out of or relate to the actions, errors, or omissions of an agent who obtains or uses credit information or credit scores for the insurer if the agent:
(1) follows the instructions of or procedures established by the insurer; and
(2) complies with any applicable law or rule.
(b) This section may not be construed to establish a cause of action that does not exist in the absence of this section.
Added by Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 11.020(a), eff. September 1, 2005.
Structure Texas Statutes
Title 5 - Protection of Consumer Interests
Subtitle C - Deceptive, Unfair, and Prohibited Practices
Chapter 559 - Credit Scoring and Credit Information
Subchapter B. Use of Credit Scoring and Credit Information
Section 559.051. Permissible Use of Credit Scoring
Section 559.052. Prohibited Use of Credit Information
Section 559.053. Disclosure to Consumer Regarding Use of Credit Scoring
Section 559.054. Notice of Action Resulting in Adverse Effect
Section 559.056. Indemnification of Agent
Section 559.057. Sale of Policy Term Information by Consumer Reporting Agency Prohibited