Texas Insurance Code 4152.251 – Engagement of Services of Unlicensed Broker or Manager
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(a) Except as provided by Subsection (b), an insurer may not engage the services of a person to act as a broker or manager on the insurer’s behalf unless the person holds a license if required by Section 4152.051.
(b) An insurer, or an employee, attorney, or actuary of an insurer, may negotiate and obtain reinsurance for that insurer without holding a broker or manager license or without using the services of a broker or manager if that insurer, employee, attorney, or actuary does not otherwise hold the person out as a broker or manager or perform the duties or provide the services of a broker or manager.
Terms Used In Texas Insurance Code 4152.251
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005