Tex. Ins. Code § 1806.054

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 1806.054 - Other Prohibited Inducements

Except as provided by Section 1806.055, 1806.056, or 1806.057, an insurer or an insurer's officer, director, agent, or other representative may not, for the purpose of writing the insurance of an insured, grant to the insured or contract with the insured for a special favor or advantage in dividends or other profits, or commissions or dividends of commissions or profits to accrue on the policy, or compensation or other valuable consideration not specified in the policy, or an inducement not specified in the policy.

Tex. Ins. Code § 1806.054

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. 4/1/2007.