Tex. Insurance Code § 846.107

This is the official text of Tex. Insurance Code § 846.107, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.

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§ 846.107. RECEIPT OF THING OF VALUE; CRIMINAL PENALTY.

Official statutory text

(a) A board member, officer, or employee of a multiple employer welfare arrangement may not, knowingly and intentionally, directly or indirectly:

(1) receive money or another valuable thing for negotiating, procuring, recommending, or aiding in:

(A) a purchase by or sale to the arrangement of property; or

(B) a loan from the arrangement; or

(2) be pecuniarily interested as a principal, coprincipal, agent, or beneficiary in a purchase, sale, or loan described by Subdivision (1).

(b) A person commits an offense if the person violates this section. An offense under this subsection is a felony of the third degree.

Status: in_force · Read it on the official government site

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