Tex. Ins. Code Section 4053.002
Exception

An agent licensed under Subchapter E, Chapter 981 (Surplus Lines Insurance), Subchapters B-E or I, Chapter 4051 (Property and Casualty Agents), or Chapter 4056 (Nonresident Agents) 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.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 548 (S.B. 1263), Sec. 2.25, eff. September 1, 2007.

Source: Section 4053.002 — Exception, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­4053.­htm#4053.­002 (accessed May 25, 2024).

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Accessed:
May 25, 2024

§ 4053.002’s source at texas​.gov