Texas Insurance Code 2751.104 – Agent Compensation
Current as of: 2024 | Check for updates
|
Other versions
(a) The title insurance company that issues a personal property title insurance policy shall pay the title insurance agent that places the order for the policy a total commission equal to 30 percent of the premium charged for the personal property title insurance or personal property title insurance product authorized under this chapter.
(b) Notwithstanding Subsection (a), a title insurance company may not pay a commission to a title insurance agent for an application for coverage that is placed with the title insurance company directly.
Terms Used In Texas Insurance Code 2751.104
- Personal property: All property that is not real property.
- Property: means real and personal property. See Texas Government Code 311.005
(c) A commission paid under Subsection (a) does not constitute a violation of Section 2502.051.