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Texas Insurance Code

§ 550.001 — SOLICITATION OR COLLECTION OF CERTAIN PAYMENTS

IN § 550.001Title 5. PROTECTION OF CONSUMER INTERESTS · Part C. DECEPTIVE, UNFAIR, AND PROHIBITED PRACTICES · Ch. 550. PROHIBITED PRACTICES RELATING TO PAYMENTS

Statute text

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(a)An insurer or an insurer's agent or sponsoring organization may not solicit or collect, in connection with an application for insurance or the issuance of a policy, a payment other than:
(1)a premium;
(2)a tax;
(3)a finance charge;
(4)a policy fee;
(5)an agent fee;

Legislative history

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.