{"data":{"id":"us-tx/tex.-insurance-code-4053.102","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 4053.102","heading":"CONTRACTS.","body":"(a) An insurer may not accept business from a managing general agent and the agent may not place business with the insurer without a written contract that addresses:\n(1) the responsibilities of each party;\n(2) cancellation or termination;\n(3) reports, records, and auditing; and\n(4) if applicable:\n(A) premium volume limits;\n(B) appointment or cancellation of agents;\n(C) claims settlement;\n(D) underwriting; and\n(E) reinsurance.\n(b) The commissioner may adopt rules establishing requirements for a contract with a managing general agent.\n(c) A contract with a managing general agent and a report or record submitted under that contract are subject to review by the department under Section 38.001.\nAdded by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.","path":["INSURANCE CODE","TITLE 13. REGULATION OF PROFESSIONALS","SUBTITLE B. AGENTS","CHAPTER 4053. MANAGING GENERAL AGENTS","SUBCHAPTER C. POWERS AND DUTIES OF MANAGING GENERAL AGENTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.4053.htm#4053.102","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"ee85c238b005eb0541b244b21f5b7687703128099b8457627f239dd8ff55a050","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-4053.101","next":"us-tx/tex.-insurance-code-4053.103"},"notice":"GroundRules: Original legal text. Not legal advice."}