{"data":{"id":"us-tx/tex.-insurance-code-4053.002","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 4053.002","heading":"EXCEPTION.","body":"An agent licensed under Subchapter E, Chapter 981, Subchapters B-E or I, Chapter 4051, or Chapter 4056 is not a managing general agent unless the agent accepts 50 percent or more of the agent's total annual business or does $500,000 or more of total annual business as measured by premium volume, whichever amount is less, from insurance policies produced and sold by other agents.\nAdded by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.\nAmended by:\nActs 2007, 80th Leg., R.S., Ch. 548 (S.B. 1263), Sec. 2.25, eff. September 1, 2007.","path":["INSURANCE CODE","TITLE 13. REGULATION OF PROFESSIONALS","SUBTITLE B. AGENTS","CHAPTER 4053. MANAGING GENERAL AGENTS","SUBCHAPTER A. GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.4053.htm#4053.002","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"286562114242dab0f4017a89ff00f28d2c761d9f0dee00a58d4678dbe6970a54","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-4053.001","next":"us-tx/tex.-insurance-code-4053.003"},"notice":"GroundRules: Original legal text. Not legal advice."}