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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Insurance Code § 4055.010: TREATMENT OF CERTAIN PREMIUMS.

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Where this section sits in the code
  1. INSURANCE CODE
  2. TITLE 13. REGULATION OF PROFESSIONALS
  3. SUBTITLE B. AGENTS
  4. CHAPTER 4055. SPECIALTY AGENTS
  5. SUBCHAPTER A. GENERAL PROVISIONS

Notwithstanding any other provision of this title or any rule adopted by the commissioner, a specialty license holder is not required to treat as money received in a fiduciary capacity premiums collected from a consumer who purchases insurance coverage when completing a consumer transaction associated with the coverage if:

(1) the insurer represented by the license holder has consented in writing, signed by an officer of the insurer, that premiums are not required to be segregated from money received by the license holder because of the consumer transaction associated with the insurance coverage; and

(2) the charges for insurance coverage are itemized but not billed to the consumer separately from the charges for the associated consumer transaction.

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.

Collected 2026-08-27T01:47:21Z. Source file · JSON

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