Texas Administrative Code (Last Updated: March 27,2024) |
TITLE 28. INSURANCE |
PART 1. TEXAS DEPARTMENT OF INSURANCE |
CHAPTER 19. LICENSING AND REGULATION OF INSURANCE PROFESSIONALS |
SUBCHAPTER N. LICENSING AND REGULATION OF RISK MANAGERS |
SECTION 19.1318. Dual Compensation
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A person licensed under the provisions of the Insurance Code, Article 21.14-1, who is also licensed under the Insurance Code, Article 21.14, and who receives a commission or compensation for his services as an agent licensed under the Insurance Code, Article 21.14, shall not be entitled to receive a fee for his services relative to the same policy placement as a risk manager within a 24-month period without full disclosure in writing of the fee to the insured.
Source Note: The provisions of this §19.1318 adopted to be effective May 4, 1989, 14 TexReg 1934