Tex. Insurance Code § 882.203
This is the official text of Tex. Insurance Code § 882.203, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 882.203. LIMITATION ON AGENT COMPENSATION.
Official statutory text
A contract between a mutual life insurance company and an agent of the company to which a license has been issued under Section 882.202 may not provide a commission or other compensation to the agent that exceeds the expense loading in the premiums on policies that are issued on applications obtained by the agent and for which the premiums are collected and paid to the company in cash.
Status: in_force · Read it on the official government site
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