Tex. Insurance Code § 846.106

This is the official text of Tex. Insurance Code § 846.106, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.

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§ 846.106. COMPENSATION OF OFFICERS, AGENTS, AND EMPLOYEES.

Official statutory text

(a) A multiple employer welfare arrangement may pay the officers and agents of the arrangement suitable compensation. An officer, employee, or agent of an arrangement may not be compensated unreasonably.

(b) The compensation of any officer or employee of a multiple employer welfare arrangement may not be computed directly or indirectly as a percentage of money or premium collected.

(c) The compensation of an agent may not exceed five percent of the money or premium collected.

(d) A multiple employer welfare arrangement may pay compensation or make an emolument to an officer of the arrangement only if the compensation or emolument is first authorized by a majority vote of the board of the arrangement.

Status: in_force · Read it on the official government site

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