§ 4151.005. ADMINISTRATOR NOT INSURANCE AGENT.
TexasStatutes
Ask Donna
How this section applies to your facts.
TX Code › Code in › Chapter 4151 › Section 4151.005
Text
(a) An administrator licensed in any state who accepts an agent's commission for coverage for a risk located in this state and disburses that commission to an agent in this state is not considered an agent for purposes of this state's laws relating to the licensing of agents.
(b) The exemption provided by this section does not authorize an administrator to perform any other act for which a license as an agent is required by law.
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.