Texas Insurance Code 4152.202 – Termination of Contract
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Terms Used In Texas Insurance Code 4152.202
- Contract: A legal written agreement that becomes binding when signed.
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
An insurer may:
(1) terminate a contract entered into under Section 4152.201 for cause on written notice to the manager by certified mail, return receipt requested; and
(2) suspend the authority of the manager to assume or cede business during any dispute regarding the cause for termination.