Licensing Requirements: Surplus lines brokers are required to be licensed under Texas law. 28 Tex. Admin Code § 15.101; Tex. Ins. Code Ann. §§ 981.202, 981.203, 981.204. To receive a resident surplus
Does the state impose a fiduciary obligation on producers with respect to the handling of client funds (e.g. funds, monies, premiums and return premiums)? No. An insurance producer may not,
May producers both charge a fee and collect a commission in connection with transactions and services provided to a particular client? Agents may charge policy fees, agent fees, services fees,
An agent must disclose any fees to the client and receive the client’s written consent before providing services or receiving fees. Tex. Ins. Code Ann. 4005.003; 28 Tex. Admin. Code
What entities are covered? “A person who conducts business in [Texas] and owns or licenses computerized data that includes sensitive personal information.” § 521.053(b). Is there a requirement for service
