Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 1115.0505 - Agents Exercising Material Control(a) This subchapter applies to each agent who:(1) exercises material control or influence in making a recommendation or sale; and(2) receives direct compensation as a result of the recommendation or sale, regardless of whether the agent has direct contact with the consumer.(b) Activities that do not constitute material control or influence include providing or delivering marketing or educational materials, product wholesaling or other back office product support, general supervision of an agent, and similar activities.Tex. Ins. Code § 1115.0505
Added by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 262,Sec. 6, eff. 9/1/2021.