Sec. 981.220. MANAGING GENERAL AGENTS; LIMITED AUTHORITY OF CERTAIN AGENTS. A surplus lines license granted to a managing general agent who is not also licensed under Chapter 4051 is limited to the acceptance of business originating through a licensed general property and casualty agent. The license does not authorize the agent to engage in business directly with the insurance applicant.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by Acts 2003, 78th Leg., ch. 1276, Sec. 10A.234(a), eff. Sept. 1, 2003.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 548 (S.B. 1263), Sec. 2.10, eff. September 1, 2007.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas
Chapter 981 - Surplus Lines Insurance
Subchapter E. Surplus Lines Agents
Section 981.202. Surplus Lines License Required
Section 981.203. Qualifications for Surplus Lines License
Section 981.204. Classification of Surplus Lines Agents
Section 981.210. Placement of Coverage
Section 981.211. Financial Condition of Surplus Lines Insurers
Section 981.212. Accepting Surplus Lines Insurance From Other Agents
Section 981.213. Filing Contract With Stamping Office
Section 981.214. Compliance With Stamping Office Plan of Operation
Section 981.215. Surplus Lines Agent Records
Section 981.216. Annual Report
Section 981.217. Notice to Department Required
Section 981.218. Department Monitoring of Surplus Lines Agents
Section 981.220. Managing General Agents; Limited Authority of Certain Agents
Section 981.221. Suspension or Revocation of License