# Tex. Insurance Code § 651.008: AUTHORITY OF CERTAIN PROPERTY AND CASUALTY AGENTS TO CHARGE INTEREST TO CERTAIN PERSONS

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.008

## Section

- **Citation:** Tex. Insurance Code § 651.008
- **Heading:** AUTHORITY OF CERTAIN PROPERTY AND CASUALTY AGENTS TO CHARGE INTEREST TO CERTAIN PERSONS
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code in / Chapter 651 / Section 651.008

## Text

(a) Notwithstanding any other law, a general property and casualty agent or a personal lines property and casualty agent who holds a license under Chapter 4051 may enter into a written agreement with a purchaser of insurance from the agent that provides for the payment of interest to the agent on any amount due to the agent for the insurance purchased. The interest is computed at a rate not to exceed the greater of:

(1) a rate allowed by Chapter 303, Finance Code; or

(2) the rate of one percent a month.

(b) A claim or defense of usury may not be raised in connection with a written agreement under this section.

## Nearby sections

- [Tex. Insurance Code § 651.001 § 651.001. DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.001.md)
- [Tex. Insurance Code § 651.002 § 651.002. CERTAIN CONDUCT NOT ENGAGING IN BUSINESS AS INSURANCE PREMIUM FINANCE COMPANY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.002.md)
- [Tex. Insurance Code § 651.003 § 651.003. RULES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.003.md)
- [Tex. Insurance Code § 651.004 § 651.004. EMPLOYMENT OF EXAMINERS AND INVESTIGATORS; PAYMENT OF EXPENSES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.004.md)
- [Tex. Insurance Code § 651.005 § 651.005. DEPOSIT AND USE OF FEES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.005.md)
- [Tex. Insurance Code § 651.006 § 651.006. ASSESSMENTS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.006.md)
- [Tex. Insurance Code § 651.007 § 651.007. APPLICABILITY OF CONSUMER CREDIT PROTECTION ACT AND REGULATION Z.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.007.md)
- [Tex. Insurance Code § 651.008 § 651.008. AUTHORITY OF CERTAIN PROPERTY AND CASUALTY AGENTS TO CHARGE INTEREST TO CERTAIN PERSONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.008.md)
- [Tex. Insurance Code § 651.051 § 651.051. LICENSE REQUIRED.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.051.md)
- [Tex. Insurance Code § 651.052 § 651.052. LICENSE FEE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.052.md)
- [Tex. Insurance Code § 651.053 § 651.053. ENTITLEMENT OF BANKS AND SAVINGS AND LOAN ASSOCIATIONS TO LICENSE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.053.md)
- [Tex. Insurance Code § 651.054 § 651.054. APPLICATION FOR LICENSE; INVESTIGATION FEE; EXEMPTION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.054.md)
- [Tex. Insurance Code § 651.055 § 651.055. REFUSAL TO ISSUE LICENSE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.055.md)
- [Tex. Insurance Code § 651.056 § 651.056. NOTICE OF ACTION ON APPLICATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.056.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.008. Check the current official text before relying on it. Not legal advice.