Tex. Ins. Code § 4053.002
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
An agent licensed under Subchapter E, Chapter 981, Subchapters B-E or I, Chapter 4051, or Chapter 4056 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.
Tex. Ins. Code § 4053.002