{"data":{"id":"us-tx/tex.-insurance-code-846.107","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 846.107","heading":"RECEIPT OF THING OF VALUE; CRIMINAL PENALTY.","body":"(a) A board member, officer, or employee of a multiple employer welfare arrangement may not, knowingly and intentionally, directly or indirectly:\n(1) receive money or another valuable thing for negotiating, procuring, recommending, or aiding in:\n(A) a purchase by or sale to the arrangement of property; or\n(B) a loan from the arrangement; or\n(2) be pecuniarily interested as a principal, coprincipal, agent, or beneficiary in a purchase, sale, or loan described by Subdivision (1).\n(b) A person commits an offense if the person violates this section. An offense under this subsection is a felony of the third degree.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE C. LIFE, HEALTH, AND ACCIDENT INSURERS AND RELATED ENTITIES","CHAPTER 846. MULTIPLE EMPLOYER WELFARE ARRANGEMENTS","SUBCHAPTER C. BOARD MEMBERS; OTHER OFFICERS AND PERSONNEL"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.846.htm#846.107","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"ba5ba7b588e7e1453f5b573dfa32a53059a9e62114e328dc4b0a58a84df96a16","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-846.106","next":"us-tx/tex.-insurance-code-846.151"},"notice":"GroundRules: Original legal text. Not legal advice."}