Sec. 881.058. AGENT. (a) A person who solicits an application for a certificate or policy providing insurance on the life of another is considered to be an agent of the statewide mutual assessment company that issues the certificate or policy in a controversy between the company and the insured or the insured's beneficiary.
(b) An agent described by Subsection (a) may not waive or alter the terms of an application, certificate, or policy.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle E - Mutual and Fraternal Companies and Related Entities
Chapter 881 - Statewide Mutual Assessment Companies
Subchapter B. Structure and Operation of Statewide Mutual Assessment Companies
Section 881.051. Authority to Act as Statewide Mutual Assessment Company
Section 881.052. Applicability of Texas Non-Profit Corporation Act
Section 881.053. Separate Groups, Clubs, or Classes
Section 881.054. Minimum Membership Required
Section 881.055. Use of Company Name
Section 881.056. Issuance of Certificate or Policy to Separate Groups, Clubs, or Classes