Tex. Ins. Code § 882.203
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
A contract between a mutual life insurance company and an agent of the company to which a license has been issued under Section 882.202 may not provide a commission or other compensation to the agent that exceeds the expense loading in the premiums on policies that are issued on applications obtained by the agent and for which the premiums are collected and paid to the company in cash.
Tex. Ins. Code § 882.203