Section 2751.104 - Agent Compensation(a) The title insurance company that issues a personal property title insurance policy shall pay the title insurance agent that places the order for the policy a total commission equal to 30 percent of the premium charged for the personal property title insurance or personal property title insurance product authorized under this chapter.(b) Notwithstanding Subsection (a), a title insurance company may not pay a commission to a title insurance agent for an application for coverage that is placed with the title insurance company directly.(c) A commission paid under Subsection (a) does not constitute a violation of Section 2502.051.Tex. Ins. Code § 2751.104
Added by Acts 2007, 80th Leg., R.S., Ch. 543, Sec. 1, eff. 9/1/2007.