Tex. Insurance Code § 1115.0505
This is the official text of Tex. Insurance Code § 1115.0505, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 1115.0505. AGENTS EXERCISING MATERIAL CONTROL.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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