Texas Insurance Code

§ 101.054 — EXCEPTION; FULL-TIME SALARIED EMPLOYEE

IN § 101.054Title 2. TEXAS DEPARTMENT OF INSURANCE · Part B. DISCIPLINE AND ENFORCEMENT · Ch. 101. UNAUTHORIZED INSURANCE · Art. B. BUSINESS OF INSURANCE; EXCEPTIONS

Statute text

View on source

Section 101.051(b)(6) does not prohibit a full-time salaried employee of a corporate insured from acting as an insurance manager or buyer in placing insurance on behalf of:

(1)the employee's employer; or

(2)a parent or affiliated company of the employer.

Legislative history

Added by Acts 1999, 76th Leg., ch. 101, Sec. 1, eff. Sept. 1, 1999.